by Martin Rumack | Aug 4, 2021 | Advice for Agents
Even for those who have a full understanding of what a mortgage is, the term “reverse mortgage” may be unfamiliar to many Canadians. This article intends to provide the high-level basics. What is it? Like regular mortgages, a reverse mortgage is simply a loan secured...
by Chris Seepe | Jul 13, 2021 | Featured
REM published a story July 6, 2021, titled Ottawa Realtors urge municipality to address senior housing issues. While it’s commendable that the Ottawa Real Estate Board and Ontario Real Estate Association (the agencies) identify a worthy cause, everyone’s already known...
by REM Editorial Team | Jul 6, 2021 | News
There’s an urgent need for affordable and attainable housing options for seniors in the Ottawa area, according to new surveys of Ottawa residents and Realtors. The surveys say municipal policies to address the increasing demand for housing options for elderly...
by Myles Shane | Feb 7, 2020 | Featured, News
Many millennials believe they may never be able to afford a home unless they have family that can help them out financially. But baby boomers, many of whom are now seniors, are also being significantly affected by the rising costs of living. With no relief in sight...
by REM Editorial Team | Oct 16, 2019 | Featured, News
A new RBC survey says home equity is playing a more prominent role in Canadian’s retirement plans. More than half (55 per cent) of non-retired Canadians age 50+ said they expect to leverage the equity in their home as a source of retirement income (up from 49 per cent...
