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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