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