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Mortgage originations falling, says Equifax

Non-mortgage debt and delinquencies on the rise: Equifax

April 7, 2023 No Comments

High interest rates have applied the brakes to Canada’s housing market, with mortgage originations down nearly 40% compared to a year earlier.

How to keep your credit score high and your borrowing costs down

March 26, 2023 No Comments

With interest rates and borrowing costs at record highs, it’s more important than ever to ensure your credit report is in good standing.

Canadian housing affordability report Q2 2021

Latest in Mortgage News: Housing Affordability Back on the Decline

August 12, 2021 No Comments

Following improvements in 2020, housing affordability worsened in the second quarter of this year by its widest margin in 27 years. The main culprit was

Equifax Rolls Out Changes to its Mortgage Inquiry Process

September 21, 2020 4 Comments

Equifax Canada has implemented changes to its mortgage inquiry process to enhance the protection of consumer information.

Deferred Mortgage Payments: A Credit Score Gamble?

March 25, 2020 6 Comments

Last week, the President of the Canadian Bankers Association announced that all six major banks would offer deferral payments on their mortgages and other credit

Credit Score Boost at Renewal Can Save Thousands

May 1, 2019 2 Comments

Most borrowers inherently know that having a better credit score means you have access to better mortgage rates. In case you’re wondering just how much

How the Right Credit Cards Can Help You Recover from Bad Credit

April 4, 2019 2 Comments

If you are recovering from a bad credit event, such as a consumer proposal or personal bankruptcy, you should make every effort to restore some

The State of Mortgage Consumers

April 25, 2018 No Comments

Mortgage consumer debt reached a record level in the second quarter of 2017, yet mortgage holders have proven capable of managing their increasing monthly obligations.

Credit Scores Improving, Says CMHC

September 26, 2017 No Comments

New data from CMHC shows average credit scores of mortgage holders across the country are continuing to rise. A full 80.7% of mortgages in Canada