The impact of Canadian housing affordability and rates has been a topic of discussion for quite some time now, with affordability being a key concern. Recent headlines have fueled these concerns, but let’s take a closer look at the data to understand how it’s impacting both home buyers and sellers.
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WILL COLLECTIONS IMPACT YOUR MORTGAGE?
A question that comes up from time to time when discussing mortgage financing is, “If I have collections showing on my credit bureau, will that impact my ability to get a mortgage?” And as the answer might have a broader application than what you might initially think, it’s worth spending a little time discussing.
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