Canadian Seniors Raiding Their Home Equity With Reverse Mortgages Picks Up Again
Canadian seniors briefly slowed down home equity borrowing last year, but it’s picking up again. Regulatory filings with the Office of the Superintendent of Financial Institutions (OSFI) show the balance of reverse mortgage debt reached a new record high in April. Growth has slowed down from all-time highs, but the balance of reverse mortgage debt is seeing growth trend higher once again.
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
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