Robert: Canada’s big banks are offering mortgage payment deferrals
Canada’s big banks are allowing customers to defer their mortgage payments for up to six months in response to the financial impacts of the COVID-19 coronavirus pandemic.
In a tweet, Neil Parmenter, president of the Canadian Bankers Association, said the measures are “effective immediately.”
Effective immediately @BMO @cibc @nationalbank @RBC @scotiabank @TD_Canada offer support for Cdns impacted by #COVID19 incl. a 6-month payment deferral for mortgages, & opportunity for relief on other credit products. Talk to your bank
— Neil Parmenter (@neilparmenter) March 18, 2020