Canada Mortgage Hub

Are reverse mortgages a good idea for retirees?

Are reverse mortgages a good idea for retirees?

Steve Ranson, president and CEO of HomEquity Bank, which administers the Canadian Home Income Plan (CHIP), the main source of reverse mortgage products in Canada, says they currently have about $1.5-billion in mortgages outstanding. He projects …
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More Canadians Opting for Mortgage Brokers for their Home Financing Needs …

More Canadians Opting for Mortgage Brokers for their Home Financing Needs, Show Statistics With consumers up north in Canada currently searching for the best possible mortgage rates, statistics reveal that consumers are increasingly favoring the …
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Canada 1Q Household Debt Down For Second Time From Record High

Mortgages make up the biggest share of credit market debt, at 64.3% in the first quarter. Consumer credit, mostly credit card debt was another 29.2% and non-mortgage loans, 6.5%. Stephen Poloz, the new Bank of Canada governor, said in his first public …
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