Teranet

Alamy

Could A New Credit Scoring System Affect Your Ability To Borrow?

Equifax will combine credit histories, ratings, and mortgage information with Teranet's database of property values to offer lenders and financial institutions an assessment of a borrower's debt-to-asset value and home equity. This RESL metric will help lenders measure risk in the real estate market, allowing them to determine if they want to lend or not.
AP

A Housing Turnaround?

TORONTO - The Teranet-National Bank house price index broke a string of month-to-month declines in March, rising 0.4 per cent from February, with most of Canada's biggest urban centres showing some im...