Another labour union has joined an increasing number of Canadians calling for a suspension of rent and mortgage payments until the COVID-19 pandemic is over. Last week, the British Columbia Government and…
Tag: Deferrals
A Canadian Bank Already Sees Expired Mortgage Payment Deferrals Turn Delinquent
Not every Canadian that took a credit payment deferral needed one. Don’t let that fool you into thinking no one needed a payment deferral though. Royal Bank of Canada (RBC) data shows the number…
Canada pulls back from ‘debt deferral cliff’
While the rate of mortgage deferrals in Canada remains in the double-digits, it has been on the decline in recent months, blunting concern of a looming ‘debt deferral cliff’. Data collected by…