Reverse mortgages are booming in Canada

9/16/2019 | Posted in Mortgage News by Jessi Sandhu

Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon. ... More

Tags: Canadian Mortgage Market, Canadian Seniors, Reverse Mortgages

Mortgages Soar For Canadians In Their 80s, 90s

9/20/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More

Tags: Canadian HELOC, Canadian Seniors, Home Buyers, Mortgage Consumers, Mortgage Market, Mortgage Refinancing, Mortgage Trends, Mortgages & Real Estate, Move Up Home Buyers, NonMortgage Debt

Ontario baby boomers are planning to downsize or move out of big cities

8/8/2018 | Posted in Ontario Real Estate by Jessi Sandhu

Parents re-entering the market after their children stayed home longer than normal, survey says. ... More

Tags: Canadian Seniors, Ontario Real Estate, Ontario Real Estate News, Real Estate Trends

9 in 10 seniors plan to stay in their homes while retired

7/20/2018 | Posted in Home Buyers by Jessi Sandhu

With detached family homes few and far between in Canada's major housing markets, these trends may leave new homebuyers in a lurch. ... More

Tags: Canadian Housing Market, Canadian Seniors, Home Buyers

Reverse mortgage: Is this the solution if you retire cash-poor?

7/18/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost. ... More

Tags: Canadian Seniors, Home Owners, Retirement, Reverse Mortgages

Baby boomers' strongest investments lie in residential real estate

2/16/2018 | Posted in Real Estate Investments by Jessi Sandhu

Canadian baby boomers’ investments in real estate outperform their other financial assets, a recent report from Mustel Group and Sotheby’s International Realty Canada ... More

Tags: Canadian Seniors, Real Estate Investments

OSFI rule changes may lead to spike in reverse mortgages

11/14/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu

With the expectation that first-time homebuyers will be shuttered out of the housing market, thereby reducing the number of people to whom seniors can sell their homes, reverse ... More

Tags: Canadian Seniors, Home Buyers, Mortgage Trends, Mortgages & Real Estate, Real Estate Market

Canadian seniors racking up debt to fund bigger homes, glitzy lifestyles

9/9/2015 | Posted in Real Estate Market by Jessi Sandhu

Canadian seniors are getting a lot more comfortable with debt and a growing number are using it to finance their lifestyle, including home purchases, according to an exclusive ... More

Tags: Canadian Seniors, Home Buyers, Household Debt, Lifestyle, Mortgage Consumers, Mortgages & Real Estate, Personal Finance