Renters tend to have lower credit scores than homeowners. Here’s why
A growing number of Canadians are renters. According to one study of census data, the number of renters grew at twice the pace of homeowners between 2016 and 2021, and 33 per cent of all households in the country are now comprised of renters.
But there’s one unexpected challenge that this growing cohort of renters face: a harder path to improving their credit score.
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