Banks stop adding the deferred interest on the total mortgage balance

0 have signed. Let’s get to 5,000!


During the COVID-19 pandemic, the Canadian banks are offering to help the clients by deferring the mortgage payments for up to 6 months; this sounds great but unfortunately, the reality is they are adding the deferred interest on the total owing balance. We think the banks are doing the clients a huge favor but in fact they are benefiting from the whole situation. This must be stopped by the federal government to help the Canadian not to worry about the extra payment on their mortgage balance. This is the time to help Canadians not to put pressure on them. I believe all Canadians will be relieved if our government takes the proper action.