B.C. union calls for suspension of mortgage and rent payments until COVID-19 crisis ends

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Canada Mortgage and Housing Corporation plans to support lenders to defer mortgage payments, but doesn’t currently have a way to help renters.

The agency will use an existing program to help homeowners who are struggling to make their mortgage payments.

In Vancouver and some other Metro Vancouver municipalities, renters can get emergency help from a rent bank, a source of short-term funding for renters who risk being evicted.

 

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Good idea for those that qualify.

onpoli

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