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Are you worried about making your mortgage payments? Job losses and drastic decrease in household incomes at this times are making the stress of mortgage payments even more serious.
If you are concerned about being able to make your regular mortgage payments, the best thing you can do is contact your mortgage lender ASAP - this is the financial institution that you got your mortgage from (Assiniboine Credit Union, Royal Bank, Scotia bank, Cambrien Credit Union, etc)
Your mortgage lender will met with you and talk about your payments and what the mortgage deferral will look like for you. If you are approved for the mortgage deferral then those skipped payments will just get added onto the end of your mortgage. So, if you skip 6 months of your mortgage you will end up adding those 6 months to the end of your amortization period (it will take you 6 extra months to pay off your mortgage).
If this is something that you want to look into you can either reach out to NJH and we can help you connect with your mortgage lender OR you can reach out to your mortgage lender directly and ask them about their mortgage payment deferral options.
More information from CMHC is available here https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/covid19-understanding-mortgage-payment-deferral?utm_source=twitter&utm_medium=cmhc_ca_organic&utm_campaign=cor-org&utm_term=0f89979e-a509-4f77-ac07-8ea83a6bc8ec
If you think you might have the virus, start with this screening tool.
For people who receive Employment and Income Assistance (EIA), if you need to reach an EIA worker, please don’t go in to their office. Instead, clients are asked to contact staff through the call centre, in order to follow public health recommendations on social distancing. Phone lines are open Monday to Friday from 7 a.m. to 7 p.m. at 204-948-2888. Clients can also email the department at firstname.lastname@example.org or try emailing your EIA worker directly.
For those wanting to access Rent Assist, they may close their office at 114 Garry at any time, but you should be able to drop off applications in their drop box. Be aware that if you try to send anything (applications or otherwise) through the mail, Canada Post does not guarantee that it will be delivered on time.
The City of Winnipeg also has its own Covid-19 update page.
You may have heard that Prime Minister Trudeau announced that some Canadians and businesses will receive some extra financial help during the pandemic. Here is the government website and here is a summary of what the government announcement means. Of special note, under the “Flexibility for Taxpayers” heading on the government website, it explains some changes to tax deadlines for this year. One change is that the due date to file your taxes has now been extended to June 1. However, you are encouraged to submit your taxes earlier, if possible, to make sure there is no disruption in receiving benefits like GST payments or the Canada Child Benefit. Here is a list of free tax software that can help you file your taxes on your own. Or, if you want to wait and get help from NJH to file your taxes please sign up for our email list email@example.com, check our Facebook, Instagram and/or website
If you’re a temporary or permanent resident, you may find this page helpful.
Finally, here is advice from the World Health Organization:
Be SAFE from coronavirus infection.
Be SMART & inform yourself about it.
Be KIND & support one another.