3 ms·
The reality is that's not happening today, the creditworthiness of borrowers in 2021 was higher than it's ever been. Demand is completely outstripping supply ri
by mtoner23 5y ago
The reality is that's not happening today, the creditworthiness of borrowers in 2021 was higher than it's ever been. Demand is completely outstripping supply right now.
- voisin 5y agoSource re creditworthiness? I’ve seen headlines stating the indebtedness of Canadians relative to income has never been higher.
- DwnVoteHoneyPot 5y agoBoth things are happening. Credit scores have improved during the pandemic. Less missed payments, less spending (maybe because people are home more), plus more government assistance. While credit cards and credit lines are doing better, mortgages have increased, causing debt to income to be very high.