Equifax says mortgage-holders in B.C., Ontario, increasingly missed payments during Q4

Consumers in Ontario and B.C. increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. Financially stressed homeowners in those provinces are also increasingly missing credit payments, the agency said, a trend primarily driven by homeowners who are 36 and younger.

Equifax says mortgage-holders in B.C., Ontario, increasingly missed payments during Q4
Rows of homes with snow on their roofs are pictured.

Consumers in Ontario and B.C. increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. Financially stressed homeowners in those provinces are also increasingly missing credit payments, the agency said, a trend primarily driven by homeowners who are 36 and younger.