For some in our business, Canada’s Grey Wave is fueling a mortgage goldmine. In fact, reverse mortgages could be Canada’s hottest mortgage niche.
On a percentage basis, reverse mortgage growth is off the charts. And still, there are hundreds of billions in originations to come, says a man who knows, HomeEquity Bank SVP Rene Quercia.
That’s precisely why originators should invest serious time understanding this market, which is expanding six times faster than mortgages overall.
In MLN's latest edition of Stress Test This, Quercia explains:
- How large the market could realistically become
- How fast it's growing
- HomeEquity Bank’s response to Equitable Bank’s lowest-rate pledge
- The "greedy kids" factor
- How reverse mortgages are funded behind the scenes
- What Ontario Teacher's Pension Plan adds to the mix
- Fee competition, and more...
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