Ontario Mortgage Agent Practice Exam

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Study for the Ontario Mortgage Agent Exam. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for your test!

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What is the average credit score in Canada?

  1. 500

  2. 650

  3. 700

  4. 740

The correct answer is: 740

The other options are incorrect because a credit score of 500 is considered poor, and while a credit score of 650 is fair, it is below the national average. A credit score of 700 is considered good, but it is still below the average in Canada. The average credit score in Canada is actually closer to 700-740, depending on the source. This means that option D is the most accurate and closest to the average credit score in Canada.

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