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Canadian Seniors Now Owe Almost $4 Billion In Reverse Mortgage Debt

Canadian seniors slowed their reverse mortgage borrowing, but the rate was still high. Office of the Superintendent of Financial Institutions (OSFI) data shows the balance of reverse mortgage debt hit a new high in November. Reverse mortgage debt has seen growth explode over the past few years. Recently, things have begun to show some signs […]

The post Canadian Seniors Now Owe Almost $4 Billion In Reverse Mortgage Debt appeared first on Better Dwelling.

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