Alberta continues to have the highest rate of mortgage deferrals in the country. Nearly 19 per cent of Albertans continue to defer their insured mortgage payments, according to CMHC's latest figures. Breakdown of deferrals on @CMHC_ca insured mortgages at end of August:

AB - 18.9%, SK - 13.9%, NL - 13.1%, BC - 10.3%,
MB - 9.8%, YT/NU/NT - 9.0%, NS - 9.0%, ON - 8.9%, NB - 8.3%, QC- 8.0%, PEI - 7.6%. Lisa Lafrance, a mortgage broker with the Sherwood Mortgage Group, said Alberta's economy had taken some hits even before the coronavirus pandemic. Mortgage broker Lisa Lafrance says many Albertans are now dealing with the repercussions of deferred mortgages.

Source: CBC News October 11, 2020 17:15 UTC