How Reverse Mortgage Can Help in Retirement

Table of Contents

Vast majority of Canadians intend to stay at home during retirement
Retiring your way

Updated on August 31, 2023
3 min read

We’ve been listening to Canadians, just like you, and we understand just how important your homes are to you in retirement.

What we discovered from our research has led us to adopt a whole new direction. Reverse mortgages are no longer a loan of last resort for retirees. Instead, they’re a smart, safe way for you to access some of your home equity so you can stay in your home and live retirement your way.

Vast majority of Canadians intend to stay at home during retirement

For the survey, which we carried out with market research firm, Ipsos, we talked to over a thousand Canadians. An overwhelming number of those aged 65-plus told us that it’s very important to retire at home. In fact, 93% of Canadians just like you want to stay in their current home throughout their retirement.

When we asked for the reasons why staying at home in retirement is so important, maintaining independence came at the top of the list. A full 69% of you said it was the number one reason for doing so. Staying close to your family, friends and your community, as well as a strong emotional attachment to home were other key reasons for wanting to stay put.

Retiring your way

We understand this feeling. Why would you want to leave the home that you’ve worked so hard for and built so many memories in? Especially in retirement, which is the best time to fully enjoy the home you’ve built.

Through our new branding and our new campaign, we are celebrating Canadians who feel empowered to live the retirement they want and stay in the home they love. We think every Canadian should feel this way. Here is what Canadians like you told us they truly value in retirement.

importance of staying in your home during retirement

Click to watch our new Reverse Mortgage commercial

There’s no retirement like home

We believe that you should have the freedom to live your retirement, your way. Give us a call at 1-866-758-2447 to learn more about retiring in the home you love.

{"salutation_required":"Please select a salutation","first_name_required":"Please enter a valid first name","last_name_required":"Please enter a valid last name","tel_no_required":"Please enter a valid phone number","email_addr_required":"Format: name@domain.com","confirm_email_required":"Enter valid confirm email address","confirm_email_invalid":"Confirm email is invalid","first_name_invalid":"Please enter a valid first name","last_name_invalid":"Please enter a valid last name","tel_no_invalid":"Please enter a valid phone number","email_addr_invalid":"Format: name@domain.com","str_address_required":"Please enter a valid street address","str_address1_required":"Please enter a valid street address","date_of_birth_invalid":"Invalid date of birth","city_required":"Enter city","city_required_select":"Please select a city","province_select":"Please enter a province","city11_required":"Enter city","city11_required_select":"Please select a city ","province_required":"Please enter a province","post_code_required":"Format: A1A1A1","post_code1_required":"Format: A1A1A1","year_of_birth_required":"Provide date of birth","date_of_birth_required":"Provide date of birth","home_type_required":"Please select a home type","post_code_invalid":"Format: A1A1A1","post_code1_invalid":"Format: A1A1A1","estimated_market_value_required":"Please enter a home value","estimated_market_value_invalid":"Please enter a home value","first_name_max_length":"First Name should not greater than 8","chip_home_plan":"CHIP Home Income Plan","call_us_toll_free":"Call Us Toll-Free","request_your_free_guide":"Request Your Free Guide","get_started":"Get Started","learn_more":"Learn More","why_wait":"Why Wait? Get Started Today","submit":"Submit","province":"Province","province1":"Province","year_of_birth":"Birth Year","home_type":"Home Type","first_name":"First Name","last_name":"Last Name","tel_no":"Telephone Number","email_addr":"Email Address","confirm_email_addr":"Confirm Email Address","confirm_email":"Confirm Email Address","please_send_my_guide":"Please Send My Guide By Mail","please_provide_estimate":"Get a Free Estimate","str_address":"Street Address","str_address1":"Street Address","city_town_village":"City \/ Town \/ Village","city":"City \/ Town \/ Village","city_town_village11":"City \/ Town \/ Village","city11":"City \/ Town \/ Village","post_code":"Postal Code","post_code1":"Postal Code","estimated_market_value":"Estimated Home Value","success_home_income_plan":"Data is submitted Successfully","its_easy":"It\u2019s Easy! Get Started Today!","read_more":"Read More Customer Stories","thank_you":"Thank You!","thank_you_message_1":"Your CHIP Home Income Plan Guide will be sent to you shortly.","thank_you_message_2":"Your personalized estimate will be sent to you shortly","thank_you_message_invalid":"Please Try Again","ok":"Ok","month":"Birth Month","day":"Birth Day","select":"Salutation","month_of_birth":"Birth Month","date_of_birth":"Birth Day","second_home_owner":"Is there a second homeowner?","yes":"Yes","no":"No","send_by":"Send by","email":"Email","mail":"Mail","age":"Age (in years)","age_required":"Required","age_invalid":"Enter Valid Age","age1_required":"Required","age2_required":"Required","age1_invalid":"Enter Valid Age","age2_invalid":"Enter Valid Age","term_required":"Required","secured_dept_required":"Required","unsecured_dept_required":"Required","captcha_code_required":"Required","secured_dept_invalid":"Enter Valid Value","unsecured_dept_invalid":"Enter Valid Value","select_term":"Term","select_gender":"Gender","gender1_required":"Required","select_age":"Age (in years)","secureddebt_value_required":"Enter valid secured debt value","secureddebt_value_invalid":"Enter valid secured debt value","unsecureddebt_value_required":"Enter valid unsecured debt value","unsecureddebt_value_invalid":"Enter valid unsecured debt value","calculate":"Calculate"}