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Aging Canadian Population – Implications for Housing
Canada’s population is aging. Data shows there were 5.9 million Canadians aged 65 + in 2016. Further, one in every five Canadians falls within the range of 54 – 65 years old. There are now more seniors living in the country than children. The situation poses challenges to Canada’s housing market.
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Featured Rates
construction mortgage
starting from
6.45%Heloc
| Term | Rate |
|---|---|
| HELOC | 6.95% (Prime rate) |
Fixed
| Lender | Rate | Term |
|---|---|---|
 Lendwise |
4.49% | 5 year |
 First National Financial |
4.69% | 4 year |
 RMG Mortgages |
4.59% | 3 year |
 Street Capital Bank |
5.24% | 2 year |
 TD Bank |
6.09% | 1 year |
Variable
| Term | Rate |
|---|---|
| 5 year variable | 5.85% (Prime - 1.05%) |
| 3 year variable | 6% (Prime - 0.95%) |
OTHER
| Term | Rate |
|---|---|
| Line of Credit | Starting at 7.2% |
| Equity Loans | Starting at 6.5% |
| Private Mortgages | Starting at 7.49% |
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Turkin Mortgage Across Ontario
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