CMHC: Retail, construction and services workers have high share of mortgage deferrals

OTTAWA – Canada’s housing authority says retail, construction and services workers were the most common deferrers of mortgage payments in the first few months of the COVID-19 pandemic.

New data from Canada’s Mortgage and Housing Corp. shows those sectors had the largest share of workers who had taken advantage of deferral programs by last May on mortgages they had signed before March 31.

CMHC says the high numbers of deferrals correlated with data showing the retail, construction and...