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Mortgage Holders have Higher Credit Scores

Did you know… mortgage holders tend to have higher credit scores? 
Canada Mortgage and Housing Corporation (CMHC) reports that this stat has been trending upward since the third quarter of 2015.
In fact, the share of mortgage holders in Vancouver and Toronto with a poor or fair credit score has been steadily trending down and is now single-digit in both markets, despite these two markets representing the largest amount of people across the country. www.cmhc-schl.gc.ca/en/hoficlincl/observer/observer_185.cfm
 

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