EPISODE · Oct 10, 2020 · 36 MIN
What To Really Expect From The "Deferral Cliff"
from The Vancouver Life Real Estate Podcast · host Dan Wurtele & Ryan Dash, with Tyler Wilson
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_________________________________ Contact Us To Book Your Private Consultation:📆 https://calendly.com/thevancouverlifeDan Wurtele, PREC, [email protected] Dash PREC778.898.0089 [email protected] www.thevancouverlife.com
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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 ex...
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What To Really Expect From The "Deferral Cliff"
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