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"Bank of Mom and Dad" is about to go BANKRUPT


In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty reviews a recent article published by Yahoo Finance, that discusses the uptick in Canadian Reverse Mortgage applications in recent years in order for older homeowners to “age in place” by keeping their home. With current interest rates rising, and high cost of living expenses due to inflation, what other options do homeowners on a fixed retirement income have?

More Canadian turning to reverse mortgages amid savings crunch

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