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More than 1 in 4 Canadians (27%) Say They Can’t Pay All Their Bills at a Time When Millions Face Mortgage Rate Increases – TransUnion Study
As variable rate mortgages opened during the pandemic come under renewal, many Canadians are experiencing payment shock with an average 25% increase in mortgage repayments in last three years44% of Canadians surveyed say they plan to cut discretionary spending.Among Canadians who said they don’t anticipate being able to pay all their bills and loans in full, 68% said it’s their credit card payments they won’t be able to make.While 46% of Canadians said they were targeted by fraud in the last thr
About this update from Transunion
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