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Should You Defer Your Mortgage Payment?

Mortgage payment deferrals are an essential lifeline available to Canadians during a difficult time. Early April reports by the Canadian Banking Association indicate that more than 600,000 Canadians have requested mortgage payment deferrals. The average Canadian mortgage payment is $1,326/month. This puts an estimated $778 million per month into the hands of Canadians who ...

Canada’s Covid-19 Economic Response Plan

The Canadian government has been working fast and furious to develop a response to the economic impact caused by the covid-19 outbreak. The following link will take you to the Government of Canada’s covid-19 economic response plan page: Canada’s COVID-19 Economic Response Plan The plan covers the following critical areas: Support for Canadians: Temporary ...

Mcap’s Response to Covid-19

MCAP is prepared to support homeowners and borrowers. We are working hard to ensure support for those impacted by the COVID-19 ...