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Canadian Reverse Mortgage Debt Rises to $4.3 Billion CAD, Though Demand Slows

Sep 17, 2020By

Seniors in Canada have been leveraging home equity at a rapid pace in that country, as Canadian reverse mortgage debt held by the nation’s seniors has topped $4.3 billion (roughly $3.3 billion USD) even as demand appears to have slowed slightly. This is according to filings from Canada’s Office of the Superintendent of Financial Institutions […]