Canada's reverse mortgage market sees explosive growth

Reverse mortgages in Canada are all the rage, apparently, with the market closing out December up 31% year over year and a new bank jumping in to grab a piece of the action. Meanwhile, the reverse mortgage market in the U.S. is down 27% from last year, settling into a 14-year slump. So why do the two markets – which face the same convincing demographic and economic trends – vary so drastically in their rate of success?