Tuesday, 20 August, 2019

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Canadian Reverse Mortgage Debt Makes A Huge Jump, Balance Tops $3.7 Billion


Canadian real estate owners in their not-so-golden years are on a borrowing spree. Office of the Superintendent of Financial Institutions (OSFI) filings show reverse mortgage credit reached a new record high in May. The annual pace of growth showed deceleration, but it was still a huge month for growth. Reverse Mortgages Reverse mortgages are a […]

The post Canadian Reverse Mortgage Debt Makes A Huge Jump, Balance Tops $3.7 Billion appeared first on Better Dwelling.

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