https://www.bnnbloomberg.ca/don-t-pay-til-you-die-reverse-mortgages-are-booming-in-canada-1.1316615 Canada’s big five banks have so far shied away from the product. Only two lenders offer them in Canada. HomeEquity Bank, whose reverse mortgage has been on the market for 30 years, dominates the space with $3.11 billion on its books. Equitable Bank, a relatively new player, has $10.1 million. Shares in parent Equitable […]

https://financialpost.com/real-estate/mortgages/dont-pay-til-you-die-reverse-mortgages-are-booming-in-canada Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon.If you’re 55 or older, you can borrow as much as 55 per cent of the value of your home. Principal and compound interest don’t have to be paid back until you sell the home or die. To keep the […]