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Canadians spending nearly 40% of income on rent

Canadians spending nearly 40% of income on rent

New data from rental solutions platform SingleKey and credit reporting agency Equifax shows renter pressures are nearing crisis levels, with housing costs consuming nearly 40 per cent of income nationally and well above that threshold in Toronto. SingleKey’s analysis...
Mortgage fraud on the rise, says Equifax

Mortgage fraud on the rise, says Equifax

A new report from Equifax Canada says high-risk and suspected fraudulent mortgage activity is on the rise, citing a 52 per cent increase in suspected fraudulent mortgage applications since 2013. A recent Equifax survey showed: 13 per cent of Canadians indicated they...