equifax

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.

RBC sees mortgage delinquencies rising nearly 30% in the coming year

May 9, 2023 No Comments

After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.

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.

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.

Is the Real Estate Frenzy Finally Slowing Down? Signs are Emerging.

March 7, 2022 No Comments

There are signs cropping up that the intense level of housing imbalance seen throughout the pandemic may finally be reaching a turning point.

Average mortgage loan rises in Q3 says Equifax

Average New Mortgage Size Surges 18% in Third Quarter: Equifax

December 1, 2021 No Comments

The average new mortgage being taken out by today’s borrowers surged to $360,000 as of the third quarter, Equifax reports.

Record Mortgage Growth and Higher HELOC Usage in Q2

August 31, 2021 No Comments

Driven by a strong housing market and low interest rates, mortgages saw record growth across the country in the second quarter. Nationwide, volume was up