Canadians have deferred $1B a month worth of mortgage payments since pandemic began
More than three-quarters of a million Canadian homeowners have either deferred or skipped a mortgage payment during the COVID-19 pandemic began, to the tune of about $1 billion a month, Canada's national housing agency says.
In a report on Thursday, the Canada Mortgage And Housing Corporation looked at the state of the mortgage market in Canada. The report is annual and typically looks at broad trends in the industry, but this year's numbers, as is the case with just about everything else, are viewed through the prism of COVID-19.
Original Article Source Credits: CBC News , https://www.cbc.ca/
Article Written By: Pete Evans
Original Article Posted on: Sep 10, 2020
Link to Original Article: https://www.cbc.ca/news/business/covid-mortgages-cmhc-1.5718894