Edmonton, Calgary see highest mortgage deferral rates in Canada during pandemic

Author: External Author | | Categories: First Time Home Buyer Mortgage , Mortgage Broker , New to Canada Mortgage Program

existing-home-sales

A higher percentage of homeowners in Edmonton and Calgary deferred their mortgage payments than in any other major city in Canada, numbers shared by the Canada Mortgage and Housing Corporation show.

In Edmonton, 21 per cent of mortgages were deferred in August, according to a list tweeted by CMHC president Evan Siddall. Calgary was close behind at 18 per cent. 

Read More

Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  CBC News

Original Article Posted on:   Oct 15, 2020

Link to Original Article:  https://www.cbc.ca/news/canada/edmonton/edmonton-calgary-highest-rate-mortgage-deferrals-programs-end-1.5763626



READ MORE BLOG ARTICLES