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Reverse Mortgages

Houses are seen in a neighbourhood on the side of a mountain, in Maple Ridge, B.C., on Thursday, Aug. 17, 2023.

Mortgages

House rich, cash poor: When a reverse mortgage might make sense

Reverse mortgages let older Canadians unlock home equity without selling. Learn how they work, the costs, risks, and when...

House rich, cash poor: When a reverse mortgage might make sense
A hopeful-looking older woman on her living room sofa

Ask a Planner

Planning to use your home equity in retirement

Real estate equity is a big part of seniors’ net worth. Some Canadian retirees may want or need to...

Planning to use your home equity in retirement
Older woman working in department store

Retired Money

Why “unretirement” may be the fate of so many Canadians

Economic uncertainty, inflation and the decline of workplace pensions have left growing numbers of seniors unable to leave their...

Why “unretirement” may be the fate of so many Canadians
The streetview of a white house with red trim and a white picket fence in the fall

Real Estate

How to use equity to buy a second home

We look at four common ways of financing the purchase of a second property using equity built up in...

How to use equity to buy a second home

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A man and woman celebrate the purchase of their second home by dancing in the living room

Real Estate

Buying a second home: How it works in Canada

Here’s what home owners and investors should know about the rules, financing options and tax implications of buying a...

Buying a second home: How it works in Canada
senior couple on balcony of home

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Why a reverse mortgage should be a last resort for most Canadian retirees

Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...

Why a reverse mortgage should be a last resort for most Canadian retirees
A retired couple cheers to having found a way to fund their retirement

Ask a Planner

Should retirees consider a home equity sharing agreement (HESA)?

Home owners have a new way to tap their home equity. How does the HESA compare to a reverse...

Should retirees consider a home equity sharing agreement (HESA)?
silver-haired couple

Sponsored by Equitable Bank

“Which reverse mortgage is right for me?”

Two lenders in Canada offer reverse mortgages—and while their offerings are similar in many ways, there are key differences...

“Which reverse mortgage is right for me?”

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senior couple sitting on couch at home

Sponsored by Equitable Bank

What happens at the end of a reverse mortgage?

Myth: seniors who sign reverse mortgage contracts will lose possession of their homes. In fact, there are three common...

What happens at the end of a reverse mortgage?

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