CMHC: Mortgage Deferrals On Toronto Real Estate 12%, Vancouver 11%

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Canadians are beginning to resume paying their mortgages, after many requested deferrals. Canada Mortgage and Housing Corporation (CMHC) broke down insured mortgage payment deferrals in August. At a national level, CMHC is seeing the rate of payment deferrals similar to the general market. Broken down by city, we see the most expensive markets are overrepresented. Even overrepresented, those higher rates seem relatively low compared to oil-driven markets.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Stephen Punwasi

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