Canadian homeowners in their twilight years are drawing on their home equity at a rapid pace. Office of the Superintendent of Financial Institutions (OSFI) filings show reverse mortgage debt reached a new record high in July. The debt is still showing double digit growth, but the rate has fallen to almost a quarter of peak. […]
The post Canadian Seniors Have Racked Up Over $4.3 Billion In Reverse Mortgage Debt appeared first on Better Dwelling.
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