Canadians now have the option to build their credit scores via rent payments

Eight years after Canadians first became able to use their mortgage payments to build their credit scores, a similar option now exists for those who rent. The Toronto-based Landlord Credit Bureau, which is used by 30,000 landlords and property managers across Canada and the U.S., is partnering with Equifax Inc. to create an online portal that tracks a tenant’s rent payments so that the resulting data can be incorporated...