Keeping you informed: COVID-19

Last Update: March 24, 2020

We are monitoring all government announcements that may impact your mortgage now or in the future. Stay connected on our social media for relevant and timely updates. Additional resources are shared at the bottom of this page.

Please share this important message! You might be able to help someone in difficult times:

1.

There are mortgage payment deferral programs now available with specific lending institutions and the government, if needed.

2.

We’re all in this together and we will get through it! Take a deep breath. We’ve been through pandemics before, such as H1N1, SARS, the financial meltdown 2008, and as bad as they were at the time and many people did lose lives. But things eventually settled down and the economy recovered.

3.

Have some sort of liquidity (money in the bank, line of credit) to cover expenses. Your emergency fund will ensure you have funds you can access to cover expenses. It might be hard to build up an emergency savings account now, but start putting more away in case things get worse.

4.

Stay healthy and positive. We are here if you need us, and we are wishing you strength.

It might be easy to worry in uncertainty. But try hard to stay focused on your long-term goals. Concern around the virus will disappear.

For the YourMortgageYourWay.ca team, we have all the tools needed to support you remotely. Call, text, message or email us with your questions or concerns.

Customer Service Announcement from our bank and lending partners. A gentle reminder that you can’t just skip mortgage payments. Please call your bank directly to make arrangements for your mortgage deferral (you must qualify):

YourMortgageYourWay.ca recognizes that many homeowners are looking for how the recent COVID-19 developments may impact their mortgage, now or in the future. We know that things may seem uncertain now, but we are working hard to gather all relevant information to help you understand your options during this difficult time.

YourMortgageYourWay.ca is proud to be part of the national Canadian brand – The Mortgage Centre. Together we will continue to share updated information as more details are made available: https://www.mortgagecentre.com/covid-19.

Please read the Economic Response Plan: https://www.canada.ca/en/department-finance/economic-response-plan.html

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. Keep in mind that not all areas of the response plan are in place yet, so check the link often to stay up to date.