Mortgage & Credit Protection

The Government of Canada launched an Insured Mortgage Purchase Program to expand stable funding available to banks and mortgage lenders in order to ensure continued lending to Canadian consumers and businesses.

Canada’s six biggest banks, Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Canada, Scotiabank and TD Bank, have made a commitment to work with personal and small business banking customers on a case-by-case basis to provide flexible solutions to help them manage through challenges such as:

  • pay disruption due to COVID-19,
  • childcare disruption due to school closures,
  • those facing illness from COVID-19.
  • This support will include up to a six-month payment deferral for mortgages and the opportunity for relief on other credit products.

Please contact your financial institution for more information.

Due to the rapidly changing nature of the COVID-19 situation, please note this page was last updated: Jul 8, 2020 at 5:12:44 PM