Tag: Equifax Canada report
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Canadians Falling Behind on Mortgages and Loans, Says Equifax

A recent Equifax Canada report reveals a significant increase in mortgage and loan delinquencies across Ontario, highlighting growing financial strain among homeowners. In the first quarter of 2025, Ontario’s 90+ day mortgage delinquency rate rose to 0.24%, marking a 71.5% increase compared to the same period in 2024. This surge is attributed to homeowners facing…
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Ontario Sees Surge in Unpaid Bills as Debt Levels Rise

A new report has shed light on the growing financial struggles of Canadians, revealing that an increasing number of people are unable to keep up with their major financial obligations. Among the hardest-hit provinces, Ontario stands out, with mortgage delinquencies soaring to unprecedented levels. According to data from Equifax Canada, consumer debt nationwide grew by…