TORONTO – The Canada Mortgage and Housing Corporation says the country’s mortgage debt increased at a slower pace in the last quarter of 2017 compared to the year before. The Crown corporation.
The Toronto startup. scaling up their loan origination, loan adjudication, and loan servicing operations. This investment comes on the heels of a successful year since CommunityLend’s launch as.
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Call it a tie – Vancouver and Toronto residents racked up non-mortgage debt faster. In Vancouver’s case, much of the non-mortgage debt growth is being driven by instalment and auto loans, she added.
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LONDON – The Bank of England warned Monday of "a pocket of risk" in the rapid growth of consumer credit in the British economy. The fast rise in credit like car loans or credit card debt may not be.
TORONTO – Expectations of higher interest rates in 2018 and a slight cooling off of the Canadian economy may see more consumers defaulting on credit card loans next year, a report by TransUnion Canada.