Revealed – how high reverse mortgage debt became in Canada in 2020
The borrowing spree of Canada’s elderly is showing no signs of slowing down, with the national reverse mortgage debt balance swelling by 12.55% annually to reach $4.42 billion before the end of 2020.
Original Article Source Credits: Mortgage Broker News, https://www.mortgagebrokernews.ca/
Article Written By: Ephraim Vecina
Original Article Posted on: 5th January 2021