Deferred payments on your mortgage or credit card? How to handle the strain when payments restart this fall + MORE Jul 28th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Deferred payments on your mortgage or credit card? How to handle the strain when payments restart this fallHundreds of thousands of Canadians have deferred debt payments since COVID-19 took hold. There are some simple things you can do now to make sure you’re ready when those payments resume.

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The COVID pandemic has taken a toll on many aspects of Canada’s mortgage industry, but none more so than private lenders, which have seen a 26% decline in Ontario mortgage registrations. According to Teranet, the province’s electronic land registry system, that decline follows a 45% drop in May and a 29% decline in April. “The tide is going out right now” Dustin Van Der Hout, investment adviser with Richardson GMP Ltd., told the Globe and Mail. “We’ll see very quickly […]

Continue Reading On canadianmortgagetrends.com »

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