Tag: Covid19

Risks to Economic Outlook Overblown, But Rates to Stay Low Poloz

Risks to Economic Outlook “Overblown,” But Rates to Stay Low: Poloz

Canada’s economy may prove surprisingly resilient in its recovery following the COVID-19 lockdown, according to Bank of Canada Governor Stephen Poloz. In his final press conference before stepping down as BoC Governor next month, Poloz said, “I’m relatively optimistic…compared with what the talk is.” His more positive assessment comes just

Latest in Mortgage News Six-Month Deferrals Could Cost You Up to 12000

Latest in Mortgage News: Six-Month Deferrals Could Cost You Up to $12,000

Nearly 600,000 Canadians have so far taken advantage of some form of mortgage deferral assistance due to the COVID-19 crisis, according to the Canadian Bankers Association (CBA). With the average mortgage payment amounting to $1,326, this has freed up roughly $778 million per month, according to the Canada Mortgage and Housing Corporation.

Mortgage Lenders Provide COVID-19 Update Part 1

Mortgage Lenders Provide COVID-19 Update – Part 1

In a recent panel discussion series hosted by Mortgage Professionals Canada, a cross-section of some of the country’s top lenders provided updates on how COVID-19 has impacted their operations and shaped their outlook.

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East Coast Mortgage Brokers is Newfoundland and Labrador’s premier mortgage company. Founded in 2010, we work with Canada’s top lenders to ensure our clients get the best deal for their mortgage.