Write For Us

Will tying Canadians' rent to credit scores help amid housing crunch?

Sponsored Post Vitamin D2 Canada Persia
38 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
The federal government has proposed making on-time rental payments count towards your credit score, as part of a host of measures that will be in the upcoming budget. They say the move is aimed at protecting renters and helping some access the housing market sooner.

But some rental experts and advocates say they're concerned the idea is only a piece of the puzzle, as it doesn't tackle current affordability issues— including a person's ability to save for a down payment while facing skyrocketing rental costs.

Sean Previl reports on why some are applauding the measures, and what advocates and credit bureaus still want to see from Ottawa.

For more info, please go to https://globalnews.ca/news/10397208/rent-payments-credit-score-canada/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews
Category
U.S. & Canada
Tags
global news, renters, Canadian renters
Sign in or sign up to post comments.
Be the first to comment