Plus, product news from Brookfield, LongPoint, Mackenzie, BMO and more
The spike in home prices makes recently originated reverse mortgages more risky in a downturn
Savings needs have risen alongside wealth, a C.D. Howe report says
The bank has partnered with Coast Capital
Retirees can access up to 55% of their home equity
Evidence suggests more Canadians are turning to reverse mortgages
Many homeowners are feeling pressured to sell to help finance their retirement
Path Home Plan is available in Alberta, British Columbia and Ontario
In an ideal world, retirees would not need to use home equity to fund their retirement. But, for many people, their homes will be their biggest asset when they retire and they may need to realize some of that equity. Indeed, more than a third of Canadian retirees say that they expect to use home […]
Accessing home equity can help clients meet retirement-spending goals