equifax Canada Archives - Mortgage Rates & Mortgage Broker News in Canada

Housing affordability challenges raising risk of mortgage fraud

Mortgage fraud falling overall, but rising among first-time buyers

March 31, 2025 No Comments

Mortgage fraud is trending lower in Canada after peaking last year, but new data from Equifax shows first-time buyers are increasingly behind the remaining risk.

OSFI warns of mortgage payment shocks as key risk to Canada’s financial system

March 14, 2025 No Comments

Canada’s banking regulator has flagged mortgage payment shocks as a significant risk to the country’s financial stability, citing the large volume of mortgages set for renewal in the coming years.

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.

New year, better mortgage rates: Credit tips to get you there

January 3, 2025 No Comments

As we step into a new year, it’s a great time to reassess your financial habits and ensure your credit profile is in top shape.

Equifax launches Global Consumer Credit File to help newcomers build Canadian credit

December 2, 2024 No Comments

The new initiative aims to simplify the credit-building process for immigrants by recognizing financial histories from their home countries.

Why you shouldn’t fear a credit score drop when applying for a mortgage

May 14, 2024 No Comments

In the complex world of home financing, a common concern among our clients involves the impact of credit inquiries on their credit scores.

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.

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