Reverse Mortgage Facts | Toronto Real Estate Blog

Reverse Mortgage Facts

reverse-mortgagesNoteworthy reverse mortgage stats from the Globe’s Rob Carrick:

  • 36% — Average amount of home equity borrowed with a reverse mortgage
  • 50% — Average equity remaining when a reverse mortgage holder sells his/her home
  • 72 — Average age of a reverse mortgage customer
  • 55 — Minimum age to get a reverse mortgage
  • 12 — Average number of years people remain in their homes after getting a reverse mortgage



About Tariq Sultan
Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

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