Mortgage credit grew in the fourth quarter of 2020 as Canadian consumers took steps to reduce all other forms of debt, according to new data from TransUnion. The credit agency’s Q4 Industry Insights Report showed mortgage credit grew 5.6% year-over-year, while the average balance of mortgage loans outstanding rose 5.7% to $292,863. Meanwhile, new originations [&hellip…
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Three out of four Canadians said that their top financial priority this year is to pay down debt or retain an elevated level of savings, according to a new survey conducted by Nanos Research Group for Bloomberg from December 27-30. Nanos found that 39% of Canadians are looking to prioritize debt repayments this year, while 37% [&hellip…
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April Dunn – Dec 26, 2020 / 11:00 am | Story: 320276Photo: static.financebuddha.com/ Do you have a poor credit rating because of financial problems you have had in the past? Perhaps you went through a bad divorce or you owned a small business that failed resulting in bankruptcy or a consumer proposal. You might have lost your [&hellip…
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