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Industry Response To New Sept. 30 Holiday And How Some Closings Will Be Affected

Author: 
Steve Huebl
Publication date:
August 13, 2021
Article Summary: 

Mortgage lenders, brokers, and brokerages in Canada are creating contingency plans as the upcoming National Day for Truth and Reconciliation on September 30 will impact real estate transactions. The big banks and certain non-bank lenders will be closed on September 30, and notaries and other related services could also be closed. Many companies are rescheduling closings as close to the date as possible and some are suggesting moving closings to September 29, October 1, or any other mutually agreeable date to avoid funding delays. TD Bank has confirmed it will observe the new statutory holiday and other banks are expected to share details on their operations for September 30 in the coming weeks.






Keywords: 

mortgage lenders, brokers, brokerages, September 30 holiday, National Day for Truth and Reconciliation, real estate transactions, Equitable Bank, First National, TD Bank, Scotiabank.



Source Citation: 
Steve Huebl
Industry Response To New Sept. 30 Holiday And How Some Closings Will Be Affected
August 13, 2021
https://www.canadianmortgagetrends.com/2021/08/industry-response-to-new-sept-30-holiday-and-how-some-closings-will-be-affected/
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