Tag: mortgage deferrals
-
Guest Post: Deferral-gate? (by Ephraim Vecina)
Originally posted here. A housing inventory surge will likely precede a predicted arrears spike once payment deferrals end, according to a Better Dwelling analysis. With the total balance of mortgage payment deferrals reaching $247 billion as of the end of the second quarter, Canadians have come to heavily rely on lenders’ deferral options to stave…
-
Update: Mortgage and Mortgage Deferrals
Originally Published by Canadian Mortgage Trends. “Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and a sharp rise in mortgage defaults this fall, data from the country’s key mortgage lenders appear to be telling a different story. That cliff is looking more like a “slope,” according to…