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New report shows auto insurance rates slowly declining in Alberta - Vimarsana News

New report shows auto insurance rates slowly declining in Alberta

  CALGARY -- A new report released by LowestRates.ca on Tuesday shows Alberta saw a drop of 3.6 percent in automobile insurance premiums for the first quarter of 2021. However they still remain nearly 15 percent higher, year over year. “Now it's reached an equilibrium, or close to reaching an equilibrium where insurance companies want to compete for Alberta drivers business,” said Justin Thouin, co-founder of LowestRates.ca. Thouin says the removal of a five per cent premium cap on insurance rates from the UCP started the increase of rates nearly two years ago. The cap was brought ...

'Strongest its been all year': Value of non-mortgage loans tops $600 million - Vimarsana News

'Strongest its been all year': Value of non-mortgage loans tops $600 million

'Strongest its been all year': Value of non-mortgage loans tops $600 million Newshub 10 hrs ago Priscilla Dickinson © Getty Images. A June Centrix report shows non-mortgage lending is up 38 percent from April to May 2021. © Provided by Newshub Non-mortgage borrowing including personal loans has topped $600 million, the highest level in three years, a new report shows. The June Centrix Credit Indicator Outlook released on Tuesday, shows non-mortgage borrowing, including personal loans, buy now pay later, vehicle financing and credit cards, was up 38 percent in May compar...

Source: msn.com
Credit limits grow by 40% in past year - Vimarsana News

Credit limits grow by 40% in past year

Record low interests rates and a heated property market have caused consumer credit limits to grow by 40 percent in the past year. Credit cards account for 6.8 percent of the country's credit limit, with mortages by far the largest proportion, at 90 percent. Photo: 123RF Data out from credit bureau Centrix shows the total credit limit for New Zealanders increased by $28 billion to $306bn, more than three times the government's net debt. Credit limits are a measure of how much debt a person, business or a government can borrow and pay back. "The increase in our credit limit has been driven by...

Source: rnz.co.nz
The six-month mortgage holiday and the $6000 in extra baggage - Vimarsana News

The six-month mortgage holiday and the $6000 in extra baggage

She had just set up a business and bought a house when Covid-19 struck. But a decision to take a mortgage holiday proved costly.

Mortgages in financial hardship up 10 percent in April, tipped to rise over coming months - Vimarsana News

Mortgages in financial hardship up 10 percent in April, tipped to rise over coming months

Mortgages in financial hardship up 10 percent in April, tipped to rise over coming months - credit report Newshub 1 day ago © Provided by Newshub The number of mortgage borrowers experiencing financial hardship increased by 10 percent in April - and that number could rise, a new report shows. The April Centrix Credit Indicator Outlook released on Tuesday, shows 11,900 mortgage accounts were flagged as under financial hardship, up 1100 (10 percent) month-on-month. This followed the end of the mortgage holiday scheme on March 31. Under the mortgage holiday ('mortgage deferral') scheme, borr...

Source: msn.com