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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Thursday, March 9, 2017

Canadians are still hungry for credit

While interest rates remain low, Canadians are still keen to take up available credit.

The number of active credit cards in Canada fell by 800,000 in 2016 according to a study by TransUnion, however average balances on the cards increased.

Total balances increased by 3.3 per cent in the fourth quarter of 2016 compared to a year earlier; totalling $94.2 billion and averaging $4,094 per borrower, up 2.3 per cent.

“The increase in card usage was universal across all consumer credit risk tiers, and as a result, some lenders appear to be increasing credit lines to their customers to capitalize on this loyalty effect,” explained Chris Dias, senior vice president of product innovation and analytics at TransUnion Canada. “We may expect more lenders to evaluate increasing credit lines to cardholders in response to this higher demand.”

The study shows that overall, the consumer credit picture in Canada was sound as 2016 ended with a rise of 2.18 per cent in non-mortgage debt but delinquency rates for non-mortgage credit down 2 per cent.

Delinquencies were higher in Alberta (up 7.5 per cent) and Saskatchewan (3.32 per cent) while other provinces saw decreases, led by a 6.73 per cent drop in Ontario.

MBN

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