Home Reverse mortgage

Keyword: Reverse mortgage

14 results found
canadian money house on white background

The bank has partnered with Coast Capital

  • By: Staff
  • January 15, 2021 January 15, 2021
  • 12:34
House bubble

Offering available in Alberta, British Columbia, Ontario and Quebec

  • By: Staff
  • November 10, 2020 November 10, 2020
  • 11:00
Real estate growth cart

The deceleration was led by slower growth in mortgage borrowing

  • By: Staff
  • January 14, 2020 January 14, 2020
  • 13:17

Canadians been told time and time again that, at the very least, their goal should be to retire debt-free. Many are struggling to pay off their debts, and for those who do, there's the allure of the reverse mortgage.

  • By: Staff
  • November 25, 2013 September 6, 2018
  • 00:00

Canada’s leading provider of reverse mortgages is the target of a takeover. The board of HOMEQ Corp. is recommending shareholders accept an offer of $9.50 per share from Birch Hill Equity Partners.

  • By: Staff
  • April 2, 2012 August 21, 2018
  • 11:12

The list of detractors of reverse mortgage has another name added to it: David Chilton, otherwise known as ‘the wealthy barber’, after the title of this famous book on personal finance.

A record number of reverse mortgages in Canada has sparked concern, with some in the financial industry expressing fears of homelessness. However, the more pragmatic in the industry are quick to offer reassurance that it's not all gloom and doom.

The need for an improved cash flow in retirement is leading to record number of reverse mortgages in Canada, according to a HomEquity Bank study.

Retired Canadians aren’t budging. According to an Ipsos Reid survey conducted for HomEquity Bank (provider of CHIP Home Income Plan), 61% of retired Canadians intend to stay in their current home as long as possible after retirement.

A recent report from Statistics Canada says home equity makes an important contribution to retirement income. However, retirement planners say it is not necessarily a sign of financial wellbeing.