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Katrina McHugh

How some sellers are cashing out big and then staying in their homes

Wednesday Nov 28th, 2018

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How some homeowners are selling their home and renting back   Some Toronto homeowners are cashing out when the market’s hot and then renting their properties back from the new buyers. (Mike Crawley/CBC) What if you could cash out on your home when the market’s hot and then stay in it? That’s what some sellers are doing by renting their properties back from the buyers for less than their previous mortgage payments. For 71-year-old Anne Cottrell the... [read more]

Are Sell and Leaseback Programs a Good Option for Boomers?

Sunday Oct 15th, 2017

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Rising home prices often mean that real estate forms a top-heavy portion of many seniors’ wealth in retirement. This forces some to tap into their home equity in order to pay the bills and overcome their past failure to save. Until recently, their only choice was a reverse mortgage, a secured loan in which lenders like HomEquity Bank make monthly payments to them, based on the equity that they’ve built up over the years, rather than the other way around. Related... [read more]

Average age of this graduating class is 93 years young

Thursday Jun 16th, 2016

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  June is graduation month at schools all over Nova Scotia, but in Pictou County, there's a graduating class with a difference. The average age of the 18 graduates from the Valley View Villa's school program is 93. The seniors' home in Riverton, N.S., offers a yearlong program that teaches everything from geography to nutrition.  Wednesday's graduation ceremony was proof you're never too old to learn. One by one, these graduates walked or wheeled their way... [read more]

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