CMHC: majority of mortgage deferrals have ended, risk of arrears could re-emerge

OTTAWA — Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but the Canada Mortgage and Housing Corp. says the risk of these borrowers falling into arrears could re-emerge.

The federal housing agency says in a report that more than 25 million homeowners with mortgages insured by CMHC sought payment deferrals between last March and September, but by the end of that period almost 65 per cent of the deferrals had ended. Continue Reading CTV NEWS

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