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What To Really Expect From The "Deferral Cliff"
Episode 17
CMHC coined the term "Deferral Cliff" when referring to the end of the grace period given to mortgage owners in Canada that deferred their payments. With 7% of BC mortgages deferred, how many will actually go into arrears? CMHC predicts 20% of mortgages will, and our guest Tyler Wilson from Pilot Mortgage Group agrees with the economists and has a much different answer. We look into how housing prices may be affected and what you can do if you need to defer or extend your deferral period. wearepilot.ca
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Published on 5 years, 2 months ago