Canada’s largest banks are offering mortgage payment relief to their customers through deferred mortgage payments.

What is Mortgage Deferral?

Mortgage deferral is not mortgage forgiveness. Mortgage deferral means that payments are skipped for a defined period of time, during which interest which would otherwise be part of the deferred payments is added to the outstanding balance of the mortgage. The added interest is incorporated into the monthly payment when payments resume at the end of the deferral period.

This mortgage deferral related to the COVID-19 pandemic is available for an indefinite period and there is no deadline for customers to apply.

Who can apply?

Customers who are currently in good standing and have been affected by the COVID-19 pandemic can apply for mortgage deferral from their bank.

How to apply?

Rather than calling, please visit your bank’s website first rather than calling or visiting a branch. Links are below:

BMO's COVID Updates
CIBC's COVID Updates
NBC's COVID Updates
Scotiabank's COVID Updates
RBC's COVID Updates
TD's COVID Updates

For other financial institutions, please contact them directly.

Here is a list of Customer Service Phone numbers of different lenders:

ATB: 1-800-332-8383
B2B: 1-800-263-8349
Bridgewater: 1-866-243-4301
CMLS: 1-888-995-2657
Optimum: 1-866-441-3775
Equitable: 1-888-334-3313
Connect First: 403-736-4000
Chinook Financial: 403-934-3358
First Calgary Financial: 403-736-4000
First National: 1-888-488-0794
Haventree: 1-855-272-0051
Home Trust: 1-855-270-3630
HSBC: 1-888-310-4722
ICICI: 1-888-424-2422
Manulife: 1-877-765-2265
MCAP: 1-800-265-2624
Merix: 1-877-637-4911
Marathon: 1-855-503-6060
RFA: 1-877-416-7873
RMG: 1-866-809-5800
Servus: 1-877-378-8728
Street Capital: 1-866-683-8090