Author Archive

How to Supplement One’s Retirement Income

If you’re like other Canadians who, unfortunately, don’t have enough saved for retirement, the Canadian Home Income Plan (CHIP) could be a viable option to supplement your retirement income. Statistics Canada estimates that, on average, 77% of seniors’ net worth is tied up in home equity, and most don’t think to access that home equity…. read more

What are Risks of Reverse Mortgages

As with any standard mortgage, reverse mortgages have a certain degree of risk associated with them. Your home is, after all, probably the single most valuable asset that you will possess during your lifetime. That being said, there are a couple of risks associated with reverse mortgages that aren’t associated with standard mortgages. The first… read more