Canada’s Big Six Banks Have 69,000 Mortgages Left On Payment Deferral
The Great Canadian Mortgage Payment Relief experiment is coming to an end. Regulatory filings for the Big Six show the majority of mortgage payment deferrals expired in Q4. Most transitioned back to regular payments without much of a hitch. Most didn’t actually need a payment deferral though, but the deferrals did allow problematic mortgages hide – even ones that were issues before the pandemic. As the rest expire, the industry will finally see if pent-up demand for mortgage defaults is a reality.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
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