What risks could cash-strapped reverse-mortgage borrowers face?
Existing variable-rate borrowers should not be easily swayed by lower fixed rates
The loans are offered under a program that aims to make homes accessible and energy-efficient
Home sales financed through Canadian banks drop during the first half of 2019
The BoC keeps its current 1.75% policy rate unchanged for the seventh time this year
Despite that, the average value of uninsured mortgages is still lower than that of insured mortgages
Most economists surveyed by Reuters expect the central bank to keep rates on hold in its last two meetings this year
Money markets see almost no chance of BoC cutting rates at its Oct. 30 policy announcement