Reverse mortgage business is booming in Canada as seniors tap home equity to pay debts

Canada’s largest reverse mortgage lender posted record originations last year, with factors such as disappearing workplace pensions and stringent stress tests for borrowing pushing seniors to tap home equity in order to pay debts and fund their retirement. Read More

from Personal Finance – Financial Post https://business.financialpost.com/real-estate/mortgages/reverse-mortgage-business-is-booming-in-canada-as-seniors-tap-home-equity-to-pay-debts
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