News and resources for Canada's top financial advisors
Est. 1998
Industry
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.
By John Powell |August 10, 2011
1 min read
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.
By Vikram Barhat |July 30, 2010
3 min read
If your company offers just one product and it's restricted to a certain age group, wouldn't it be nice to diversify just a little? When HomEquity, best know for its CHIP reverse mortgage program, became a chartered bank in October, that was, in part, the rationale.
By Steven Lamb |November 13, 2009
Canada’s most recognizable name in the reverse mortgage business is ramping up business, offering a number of flexible options, including optional interest repayment, to increase its appeal as an investment tool for financial advisors. Canadian Home Income Plan Corporation officials say between 50% and 75% of its clients are already using at least a portion […]
By Mark Noble |May 29, 2007
4 min read
The Ontario government’s recent proposal to impose tighter regulations on reverse mortgages is being welcomed by the country’s largest provider, the Canadian Home Income Plan (CHIP). At the same time, advisors have some words of warning about the loan product, noting that reverse mortgages are suitable for relatively few clients and should only be contemplated […]
By Doug Watt |July 20, 2004
The Ontario government is proposing sweeping changes to the Mortgage Brokers Act, legislation that has not been significantly updated for 30 years. The Financial Services Commission of Ontario (FSCO) — the agency responsible for overseeing mortgage brokers in the province — says it wants to improve consumer protection, streamline regulation and harmonize Ontario’s rules with […]
By Doug Watt |July 2, 2004
2 min read
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