equifax Canada

Cautious optimism for federal plan to let rent count toward credit scores

March 31, 2024 No Comments

The federal government’s commitment to have rent payments counted toward credit scores is being welcomed by companies that already offer the service, while renter advocates have raised concerns.

Equifax logos are shown on paper in Toronto on Oct.17, 2019. Equifax Canada says Ontario and British Columbia saw mortgage delinquency rates soar in the fourth quarter of 2023, surpassing pre-pandemic levels.THE CANADIAN PRESS/Christopher Katsarov Equifax logos are shown on paper in Toronto on Oct.17, 2019. Equifax Canada says Ontario and British Columbia saw mortgage delinquency rates soar in the fourth quarter of 2023, surpassing pre-pandemic levels.THE CANADIAN PRESS/Christopher Katsarov

B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says

March 6, 2024 No Comments

Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said.

Mortgage delinquencies on the rise, says Equifax Canada

Early-stage delinquencies for all credit products are on the rise: Equifax

September 14, 2023 1 Comment

Early-stage delinquencies on both mortgage and non-mortgage debt continued to rise in the second quarter, a sign that high interest rates are increasingly weighing on Canadian borrowers.

New mortgage growth slows as rising interest rates and soft real estate market take effect

June 13, 2023 No Comments

Rising interest rates and a softening real estate market have applied the brakes to new mortgage growth, which fell to its slowest pace since 2018.

Mortgage volumes fell in Q2 as credit card debt rose: Equifax

September 11, 2022 1 Comment

Canadian borrowers applied the brakes to mortgage borrowing in the second quarter while ramping up non-mortgage debt.

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