I would assume you're not a homeowner at risk, but if you went into RBC and said, “Look, I'm unemployed. I'm about to lose my house. I can't pay my mortgage”, the banks are not interested in repossessing your house.
December 7th, 2023 / 12:50 p.m.
Assistant Deputy Minister, Financial Sector Policy Branch, Department of Finance
I would assume you're not a homeowner at risk, but if you went into RBC and said, “Look, I'm unemployed. I'm about to lose my house. I can't pay my mortgage”, the banks are not interested in repossessing your house.
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