credit cards Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage market braces for impact as one million renewals loom and defaults climb

March 13, 2025 No Comments

Canada’s mortgage market is rebounding, with new originations up 39% year-over-year, according to Equifax’s latest Q4 Consumer Trends report.

Robin Taub, a chartered professional accountant

‘Not free money’: What students should know before getting their first credit card

October 1, 2024 No Comments

Everyone starts building their credit score somewhere — and for many, it’s getting that first credit card during college or university.

The hidden cost of rising debt: why checking your credit report matters more than ever

July 14, 2024 No Comments

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

More Canadians only making minimum payment on credit cards: TransUnion

May 28, 2024 No Comments

An increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.

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.

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.

Mortgages Lead Credit Growth as Delinquency Rates Decline

March 9, 2021 No Comments

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

using balance transfers to your advantage

Incorporate Balance Transfer Offers into Your Arsenal

October 19, 2020 No Comments

As mortgage professionals, we are sometimes asked to solve problems slightly outside the scope of our mandate. Naturally, we must take care not to position ourselves as tax experts, accountants or lawyers.

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