Mortgage lenders, brokers and brokerages across the country are developing contingency plans for clients whose closings will be impacted by the new September…
Profits are soaring at Canada’s biggest banks, as loans they worried may go bust during the pandemic are turning out to be fine. (Dillon Hodgin/CBC)
Last week, the President of the Canadian Bankers Association announced that all six major banks would offer deferral payments on their mortgages and other credit products. Just like many public announcements over the last couple of months, many were left with more questions than answers.
Why do we stay with them? Complacency is a big reason. A lack of knowledge is another.