Canada’s Mortgage Lenders – COVID 19 Responses

Canada’s big banks, credit unions, mortgage insurers and non-bank mortgage lenders have provided announcements regarding mortgage deferrals for Canadians affected by COVID-19 and unable to meet monthly mortgage payment requirements.  Below are listed all available lender responses with clickable links to lender websites.

Canadians have been hit hard by unemployment due to COVID-19 and it’s important for folks to understand exactly how their lender is handling mortgage deferrals.

As referenced in a previous blog (COVID deferral info), all lenders have payment skip or payment hold options that you can utilize outside of the announced 6-month deferrals.

Also, mortgage deferrals are not being offered in the same way by every lender.  All mortgage payment deferral applications are being done case by case before payment relief is granted.  See 6 Mortgage Deferral Facts to learn more about deferrals.

Mortgage Insurers

CMHC: A message from our President to our clients (COVID-19)

Genworth: Coronavirus (COVID-19) Preparedness

Canada Guaranty: Lender Update – Homeowners Impacted by COVID-19

Banks

RBC: COVID-19 statement – How RBC is helping clients

BMO: COVID-19 update: Your health is our priority

Scotiabank: A message from Scotiabank about COVID-19

CIBC: CIBC’s Response to COVID-19

NBC: National Bank to Offer Support to its Clients

HSBC: Update on COVID-19 and how we’re here to help

Canadian Western Bank: Cyber security and COVID-19

Laurentian Bank: An update on COVID-19

Credit Unions

Coast Capital: Coast Capital’s COVID-19 Response

Community Trust: COVID-19 Update – Our dedicated specialists are here to help

Desjardins: Desjardins announces relief measures for personal and business members and clients

Heritage Credit Union: COVID-19 Support

Interior Savings: COVID-19 Support

Prospera Credit Union: COVID-19 Support

Vancity: Vancity to defer mortgage payments for up to six months for members impacted by COVID-19

Valley First: COVID-19 Support

Non-bank Lenders

ATB Financial: COVID-19 update from ATB

B2B Bank: COVID-19 – We stand prepared and ready to help

CMLS: COVID-19 Update

Equitable Bank: COVID-19 – we’re here to help

First National: Keeping you informed: COVID-19

Haventree Bank: COVID-19: We are here for you when your world turns upside down

Home Trust: Statement from Home Trust on COVID-19

HomeEquity: HomeEquity Bank Communication – COVID-19

ICICI Bank: COVID-19 Update

Manulife Bank: A message regarding Novel Coronavirus (COVID-19)

MCAP: COVID-19 Update: Skip-A-Payment / Hold-A-Payment Programs

Merix Financial: COVID-19 Customer Information

Optimum Mortgage: COVID-19 Updates

RMG Mortgages: COVID-19 Update

XMC Mortgage: COVID-19 Client Care

Click HERE to access major Canadian mortgage lender contact information

Be well. Stay healthy.    Thank you very much for reading.  Please share 🙂

Michael Huber
Huber Mortgage

PS – I’m always available if you have any mortgage related questions.  Contact me HERE.

If you’d like some handy tips on how to save money when you buy your next house, Check out the free Huber Mortgage Home Buyers Guide HERE