Blogs

Difficulties in making mortgage payments can come up at any time as a result of a family income reduction, unexpected expense, or job loss. Mortgage deferrals have been launched into the spotlight as a result of the COVID-19 pandemic, but unfortunately there's no single answer or solution for everyone. It's important to understand whether deferring your mortgage payments is the right option for you – and what the consequences may be.

While the big lenders were hesitant to pass on the Bank of Canada’s interest rate cut last week, this week there’s talk of a price war, with Royal Bank of Canada being the first to take the plunge.