In response to COVID-19, the Government of Canada has created a number of support options to help Canadians get through these uncertain times. Here are some of the resources available to assist individuals and families deal with the impact of the health crisis.
Canadian banks have committed to work with their customers on a case-by-case basis to find solutions to help them manage hardships caused by COVID-19. This includes permitting lenders to defer up to six monthly mortgage payments (interest and principal) for impacted borrowers.
If you are experiencing financial hardships, contact your financial institution for information regarding flexibility for a mortgage deferral. You are encouraged to visit your bank’s website for…