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Canadian Reverse Mortgage Debt Rises Over 26%, As Seniors Raid Their Equity

Canadian seniors extracting home equity is slowing, but still growing at a high pace. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of reverse mortgages hit a new high in July. The 12-month rate of growth remains unchanged from a month before. However, the month before was still a very large […]

The post Canadian Reverse Mortgage Debt Rises Over 26%, As Seniors Raid Their Equity appeared first on Better Dwelling.

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