A leading Canadian reverse mortgage lender says that today’s seniors are not ‘old’ and are pushing back against stereotypes.
HomeEquity Bank’s survey finds that the age-biased views of seniors as “helpless, frail or fumbling” is offensive and not how the demographic views itself today.
With interest rates rising, many Canadians are prioritizing paying down their debts in 2019 according to a CIBC poll.
The survey found that 29% of respondents increased their debt load in 2018. This increase was due to day-to-day items (for 34%), purchasing a new vehicle (24%) and paying for a home repair or renovation (20%). Continue reading →