Canadian banks are going to make it a little more difficult to get a break from your mortgage. Office of the Superintendent of Financial Institutions (OSFI) announced they will begin phasing out special treatment of payment deferrals. Previously, due to the pandemic, the regulator had allowed banks to avoid classifying payment deferrals as non-performing loans. […]
The post Canada’s Banking Regulator Begins Phasing Out Special Mortgage Payment Deferrals appeared first on Better Dwelling.