Canada’s New Housing Plan: Linking Rental Payment History and Credit Scores

The government's new Housing Plan aims to help renters build credit by including rent payments in credit histories. This initiative encourages collaboration among fintech companies, credit bureaus, and lenders to integrate rental payment data into credit scores. The plan could benefit renters with limited credit histories but may pose challenges for lower-income individuals struggling with unaffordable housing.

Get Today's Best Rate!

    This will close in 0 seconds