Canadian reverse mortgage debt reaches nearly $4 billion

1/28/2020 | Posted in Financial Health by Jessi Sandhu

Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Tags: Canadian Debt, Household Debt, Mortgage Consumers, Mortgages & Real Estate, NonMortgage Debt, OSFI, Reverse Mortgages

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

Mortgage market suffers 'extended chill' says Equifax

6/17/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More

Tags: Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Delinquency, Mortgage Industry, Mortgage Market, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Renewals, Mortgage Trends, Mortgages & Real Estate, NonMortgage Debt, Reverse Mortgages, Second Mortgages, Stress Test, Uninsured Mortgages, Variable Rate Mortgages

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