Edmonton, Calgary see highest mortgage deferral rates in Canada during pandemic

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A higher percentage of homeowners in Edmonton and Calgary deferred their mortgage payments than in any other major city in Canada, numbers shared by the Canada Mortgage and Housing Corporation show.

In Edmonton, 21 per cent of mortgages were deferred in August, according to a list tweeted by CMHC president Evan Siddall. Calgary was close behind at 18 per cent. 

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Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  NA

Original Article Posted on:  Oct 15, 2020

Link to Original Article:  https://www.cbc.ca/news/canada/edmonton/edmonton-calgary-highest-rate-mortgage-deferrals-programs-end-1.5763626