Reverse mortgages can be a costly way to use your home’s equity – but what about when they’re the only option? This dilemma was faced by our retiring couple case study. Read on to see how they addressed their income issue.
“Grey divorce” rates have increased among Canadians aged over 55. Splitting later in life presents unique financial challenges as boomers look to start over while keeping their retirement plans on solid ground.
A BMO study found that 41% of Boomers plan to sell their home to fund their retirement plan. However, should this growing segment choose to sell all at the same time, a hazard is posed to housing market supply and demand.