Canada’s Renters can use rent to build credit rating via LCB

[Ashwin Samtani]

I came across this article in the Financial Post indicating that the Canadian Landlord Credit Bureau is partnering up with Equifax in order to allow renters use their rent payments toward their credit score and rating as well as give landlords an avenue to have a more accurate risk mitigation based on the potential tenant's credit report along with have consequences in place for delinquent renters. Seems like a win-win for landlords and tenants (and a loss for delinquent renters). It's available in all provinces except Quebec.

Article here:https://financialpost.com/personal-finance/rent-payments-build-credit-scores