Reverse mortgages have gained in popularity in the last few years. Reports suggest that reverse mortgage demand surged roughly 30 per cent in 2022 post-pandemic, with originations topping $1 billion for the second consecutive year. According to the Office of the Superintendent of Financial Institutions (OSFI), Canadians were carrying more than $8.2 billion in reverse mortgage debt outstanding at the end of June 2024. And the trend is growing.Why are more Canadians taking on reverse mortgages, or considering this financial product to complement their living standards? They are looking at their homes as a reliable way to fund their retirement without having to hit the sell button. Click on the this link to read further on reverse mortgages.For more information contact me today 780-962-8580!