BC’s Robust Economy

Numbers released Thursday by Canada Mortgage and Housing Corporation reflect how B.C.’s robust economy and low unemployment rate may be having a positive impact on resident’s credit scores.

CMHC senior economic analyst Pershing Sun noted that despite increased interest rates, the credit scores of B.C. residents are at an excellent level compared with the national average. Consumers in B.C. tend to be more stable financially and possibly more cautious about their credit activities in general.

Reference: https://www.timescolonist.com/business/mortgage-delinquencies-low-in-greater-victoria-thanks-to-strong-economy-1.23924761