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Canadian Credit Market Shows Signs of Recovery as New Mortgages Rise 51% Year-Over-Year - TransUnion (NYSE:TRU)

Summary by Benzinga
Key findings from TransUnion report: Inflation continues to be a key driver of the growth in consumer balances over the last three years, with average non-mortgage balances rising 10% since 2022 Home affordability remains a challenge as average new mortgage sizes climbed 6.9% year-over-year, driven by renewed housing demand Regional disparities in cost of living and wage growth contributed to varying delinquency trends across Canadian provinces…

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  • 67% of the sources lean Left
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The Hamilton Spectator broke the news in Hamilton, Canada on Wednesday, August 13, 2025.
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