6-month payment deferrals for mortgages, relief on other credit products.
WHO CAN APPLY
Mortgage holders experiencing hardships caused by the COVID-19 crisis.
WHAT TO DO NEXT
Contact the bank you hold your mortgage with (most banks still have branches open or offer online/phone support). Relief is being offered on a case-by-case basis with each bank having a slightly different process. CMHC and other mortgage insurers are offering tools including payment deferrals, loan re-amortization, capitalization of outstanding interest arrears, and special payment arrangements.
