Scotia : Everything you need to know

Scotia : In the news

• Canadian mortgage payments shrunk noticeably in Q2

  Principal payments also slid down, while interest payments had a modest uptick

• Neighbourhood Holdings announces new three-year offering

  Rates for the new product start at 5.95%

• Scotiabank: Millennials hopeful about buying homes despite COVID-19

  Record-low interest rates appear to be a major factor

• Major banks anticipating resumption of most mortgage payments

  A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end

• Feds to help cities buy vacant properties for affordable housing initiatives – report

  Mayors are urging for more support "while the opportunity is there in the marketplace"

• StatsCan: Urban poverty highest in Toronto

  The expenses of living in the GTA are rising at a rate most Canadian households can't keep up with

• Canadians have more than 500,000 payment deferrals with the Big Six

  The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion

• Landlord tears off doors, windows to force delinquent tenants to leave

  Halifax landlord says that disruptive tenants have not been paying since April

• These are the provinces with the highest mortgage deferral rates

  Deferral rates were particularly high in oil-producing regions, according to CMHC

• Despite COVID-19, Canada's banks report solid Q3 earnings

  Some institutions faired better than others