Banks report earnings this week, and it could tell us a lot about the state of the economy

Author: External Author | | Categories: Debt Consolidation , Mortgage Broker , Mortgage Industry , Mortgage Renewal

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It's been estimated that about three-quarters of a million borrowers in Canada applied to defer their mortgage payments this year, which is roughly one in six people with a home loan. So far, it looks as though most people are staying on top of their payments even after those deferrals end.

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

Article Written By: Pete Evans

Original Article Posted on: 1st December 2020

Link to Original Article: https://www.cbc.ca/news/business/bank-earnings-expired-mortgages-1.5819509



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