Reverse Mortgage Information Blog

Rental Properties: A Source of Retirement Income if Done Right

November 10, 2015

Rental properties can be an excellent source of retirement income. But like anything that brings in income, they are quite a bit of work and should be considered a part-time job rather than something that will passively print money. Location, location, location There are... Read More →

Potential Clampdown on Snowbirds: What you Can Do

November 4, 2015

New information sharing measures between the United States and Canada could drastically affect snowbirds, or Canadians who choose to leave Canada in harsh winters to live in the southern United States. The new measures would require legislation to go through, but essentially... Read More →

New Fall Prevention Guidelines for Seniors

October 13, 2015

New fall prevention guidelines for Canadian seniors, published in the Canadian Medical Association Journal by Osteoporosis Canada, are missing key components, according to Dr. Brian Goldman of CBC’s White Coat, Black Art. Dr. Goldman puts forward a statistic that a senior... Read More →

Canadian Seniors Have More Debt Than Ever: Study

October 6, 2015

HomEquity Bank and Equifax Canada recently commissioned a study on debt levels of Canadian seniors which analyzed different debt categories including mortgages, lines of credit, credit cards and car loans. HomEquity Bank is the bank which offers the CHIP reverse mortgage... Read More →

More retirement-aged Canadians driving upwards trend in reverse mortgages

September 8, 2015

Demographic trends and a decline in savings are driving trends for growth in the Canadian reverse mortgage market. Steven Ranson is the president and CEO of HomEquity Bank, the bank behind the Canadian Home Income Plan (CHIP), which Horizon Equity provides to our clients.... Read More →

Senior Financial Beat: Fraud Alert and Clerical Error in GIS Payments

September 1, 2015

Was an error made in your GIS payments? Remember the Monopoly card that gave you money because a bank made an error in your favour? If you qualified for the Guaranteed Income Supplement (GIS) for the last several years, you may just have had a similar error made by the... Read More →

When a Reverse Mortgage Does Not Make Sense

August 11, 2015

Reverse mortgages make sense when they are taken out for specific reasons; filling gaps in retirement savings, providing for a better quality of life in retirement and many more. But there are some situations where reverse mortgages don’t make sense – and you have reverse... Read More →

Canadians Against CPP/QPP Rate Hikes for Retirement Savings

August 4, 2015

It seems every week there is a new story in the news about how Canadians aren’t saving enough for retirement. The Canadian government has also taken up this cause, with a call for increases to Canada Pension Plan (CPP) contributions on the part of both employers and employees... Read More →

Seniors Going Bankrupt in Canada

July 15, 2015

Seniors are often considered to be more vulnerable during retirement because many are on fixed incomes. According to the federal Office of the Superintendent of Bankruptcy, 10 per cent of those who declared bankruptcy in 2014 were aged 65 and older, meanwhile TD Bank is... Read More →

Rethinking retirement planning for women

July 8, 2015

In a recent survey by BlackRock, only 41% of Canadian women know how much money they need for retirement, while 51% of Canadian men know the same figure. This 10% gap between genders speaks to a need for more retirement planning services that are tailored specifically to... Read More →

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