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Canadian Senior Homeowners Borrowed $5.4 Billion In Reserve Mortgage Debt

May 10, 2022May 15, 2022

Canada’s house rich but cash strapped Boomers are back to tapping their home equity. Regulatory filings with the Office of the Superintendent of Financial Institutions (OSFI) show reverse mortgage debt hit a new record in February. Over the past couple of years, the segment had seen a slowdown. However, growth is now suddenly back and […]

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