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Tag: Boomers

Canada

Reverse Mortgage Debt On Canadian Real Estate Rises Over 45%

Reverse Mortgage Debt On Canadian Real Estate Rises Over 45%
September 26, 2018

Senior Canadian real estate owners are tapping equity at a breakneck speed. Office of the Superintendent of Financial Institutions (OSFI) filings show reverse mortgage debt posted double digit gains in July. Actually, they’ve been posting double digit gains for nearly 6 years. Within the past year however, those gains have doubled. Reverse Mortgages Reverse mortgage […]

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Canada

Altus: Canadians Turn To HELOCs For Renovations, and 25% Are Seniors

July 26, 2018

Residential real estate renovations in Canada are being fueled by an extraction of home equity, especially by older Canadians.

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