How do I defer my mortgage due to COVID-19?

How can I defer my mortgage?

Depending on your lender, there may be options available to you during this time such as: 

• Deferral of payments
• Re-amortization of the loan
• Capitalization of outstanding interest & costs • Special payment arrangements 

Please note that when you defer payment, in most cases, the lender will take the interest that would have been paid compounded and add it to your monthly mortgage balance. Upon maturity of your mortgage term, the payments will be calculated moving forward based on the higher mortgage balance. 

Big banks including Royal Bank of Canada (RBC), Toronto- Dominion Bank (TD), Bank of Nova Scotia (Scotiabank), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada have opted to provide 􏰃􏰊􏰊􏰈􏰗􏰂􏰏􏰎􏰍􏰇􏰗 􏰈􏰇􏰁􏰂􏰇􏰉 􏰉or their customers. 

In addition to mortgage insurers and big banks, credit unions are also working diligently to provide some relief for customers amid the COVID-19 pandemic. 

To connect with your lender, see below: 

Lenders Contacts Notes
ATB 1-800-332-8383
B2B 1-800-263-8349
Bank of Montreal 1-877-895-3278
Bridgewater 1-866-243-4301
Canadiana 1-877-315-1633
CFF Bank 1-855-767-3031
Chinook Financial 403-934-3358
CIBC 1-800-465-2422
CMLS Financial 1-888-995-2657
Connect First 1-403-520-8000
Equitable 1-866-407-0004
First Calgary Financial 403-736-4000
First National 1-888-488-0794
Haventree 1-855-727-0051
Home Trust 1-855-270-3630
HomeEquity Bank 1-866-331-2447
HSBC 1-888-310-4722
ICICI 1-888-424-2422
Lendwise 1-866-675-7022
Manulife 1-800-268-6195
Marathon 1-855-503-6060
MCAP 1-866-809-5800
Merix 1-877-637-4911
National Bank 1-888-835-6281
Optimum 1-866-441-3775
PC Financial 1-888-723-8881
Radius Financial 1-866-550-8227
RFA 1-866-939-5005 Mortgage Numbers Starting with 4
RFA 1-877-776-6888 Mortgage Numbers Starting with 6
RFA 1-833-228-5697 Mortgage Numbers Starting with 7, 8 or 9
RMG 1-866-809-5800
Royal Bank 1-800-768-2511
Scotiabank 1-800-472-6842
Servus 1-877-378-8728
Tangerine 1-888-826-4374
TD 1-888-720-0075