Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023. Credit Canada CEO Bruce Sellery was on Cross Country Checkup to discuss rising mortgage delinquencies.
March 10, 2024 - According to an Equifax Canada report, consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023. The report says that in Ontario, the mortgage delinquency rate was up 135.2 percent compared with a year earlier, while B.C.'s rate rose by 62.2 percent.
Credit Canada CEO and personal finance expert Bruce Sellery was on Cross Country Checkup to talk about this trend and give tips on managing your mortgage payments.
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