New mortgages surge to record high, raising red flag about HELOC growth [Financial Post (Toronto, Ontario, Canada)]
Equifax, Inc. (EFX)
Last equifax, inc. earnings: 4/20 05:24 pm
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Source: Financial Post
Article content House-hungry Canadians drove new mortgage volumes up to a quarterly high, soaring 60.2 per cent to more than 410,000 in the second quarter from the year before, according to new data from credit company Equifax Canada. Advertisement Article content The size of the average new mortgage loan also jumped by 22.2 per cent from last year to more than $355,000. While new mortgage growth has been strong in major markets across the country, British Columbia saw the biggest increase, rising 85.7 per cent from last year. The mortgage surge helped push overall consumer debt to $2.15 trillion, up three per cent from the previous quarter and up 7.5 per cent from the year before. New credit card growth and new auto loans returning to pre-pandemic levels also added to Canadians' debt, the report said. Along with the pandemic housing boom, seasonal market trends and refinancing played a role in the mortgage growth, said Equifax. These mortgage volumes have brought o
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EFX
News
- Equifax Inc. (NYSE: EFX) had its price target lowered by analysts at Bank of America Co. from $300.00 to $255.00. They now have a "buy" rating on the stock.MarketBeat
- Equifax Inc. (NYSE:EFX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Equifax Inc. (NYSE: EFX) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $291.00 to $272.00. They now have an "outperform" rating on the stock.MarketBeat
- Equifax Inc. (NYSE: EFX) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $276.00 to $241.00. They now have a "neutral" rating on the stock.MarketBeat
- Equifax Inc. (NYSE: EFX) had its price target lowered by analysts at JPMorgan Chase & Co. from $290.00 to $273.00. They now have an "overweight" rating on the stock.MarketBeat
EFX
Earnings
- 4/17/24 - Beat
EFX
Sec Filings
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- 3/22/24 - Form ARS
- EFX's page on the SEC website