Deferral requests are rising amid COVID-19
Big banks are offering a repayment holiday for up to six months to struggling borrowers
BoC slashes rate yet again
The BoC will also launch two programs to further stimulate the economy amid the COVID-19 outbreak
1 in 3 worried about mortgage payments
Canadians affected by layoffs and mass shutdowns worry the most
1 in 5 Ontarians cash-strapped as incomes shrink
Some households are already behind on bill payments
Lenders to receive added support
This will help ensure continued lending to Canadian consumers and businesses
CMHC assures assistance for borrowers amid COVID-19
Lenders will prioritise struggling borrowers
Reverse mortgage fastest-growing debt segment
But the segment is not growing as fast as it did last year, figures show
Should borrowers defer their mortgage repayments?
An expert says mortgage deferrals might cost Canadians in the long run