Category: Mortgage Trends

HomeEquity Bank was invited to participate in the recent Canadian Mortgage Summit held by Canadian Mortgage Professional (CMP) – a well-known publication that delivers mortgage industry news, information, and resources. Alongside a bustling Expo Hall that allowed attendees to connect with mortgage lenders, industry peers, tech companies, and more, the one-day event brought experts and… Continue reading Summing it up: Takeaways from the 2022 Canadian Mortgage Summit

Have your clients underestimated how much they’ll need to fund their retirement? Although it’s hard to put an exact figure on how much each individual will need, according to Scotiabank, many financial planners recommend having $1 million saved by the time you stop working. According to the Scotiabank Retirement Survey, however, the average Canadian expects… Continue reading How to help your clients consolidate debt and boost their income in retirement

How to help your clients help family members It’s widely accepted that millennials are financially worse off than their parents, an assumption which is, unfortunately, borne out by the facts. According to StatCan, despite earning an average of $90,047 at the median age of 31, which is 18.27% more than gen X at the same… Continue reading Helping Clients Help Family Members

Home Run: The Reverse Mortgage Advantage is the latest book by HomeEquity Bank CEO Steve Ranson and EVP of Marketing Yvonne Ziomecki. In it, the pair take a deep dive into why a reverse mortgage could be the right option for your 55+ clients, exploring stats and facts about this demographic as well as interviews… Continue reading Home Run: The Reverse Mortgage Advantage – Chapter 5: Why Reverse Mortgages Outshine the Alternatives

Canada’s record-setting housing market is currently one of the hottest topics of conversation and there’s no doubt many of your clients are feeling the heat to sell. In fact, according to new data from our latest Ipsos-commissioned study, 76% of older Canadians believe homeowners in their demographic are sometimes pressured to downsize. While the allure… Continue reading Appreciation Over Downsizing: Older Canadian Homeowners Hold the Keys to Growing Your Business

Home Run: The Reverse Mortgage Advantage, is the new book by HomeEquity Bank CEO Steve Ranson and EVP of Marketing Yvonne Ziomecki. It provides in-depth insights into how best to serve one of the fastest growing demographics – Canadians 55+ – and in doing so grow your own business. Chapter 4 of Home Run looks… Continue reading Home Run: The Reverse Mortgage Advantage – Chapter 4: The Joy of Aging in Place

Home Run: The Reverse Mortgage Advantage, is the new book written by HomeEquity Bank’s CEO Steven Ranson and Executive Vice-president of Marketing Yvonne Ziomecki. Home Run provides a straightforward and candid resource for you and your clients who are considering using a Reverse Mortgage to ensure their retirement years are secure and enjoyable. Throughout its… Continue reading Home Run: The Reverse Mortgage Advantage – Chapter 1: Canada’s Unstoppable Real Estate Market

Fixed rate or variable? As you know, that has long been the pressing question for many Canadians homebuyers. With a fixed rate, your clients can be secure in the knowledge that their payments won’t change for the duration of their mortgage term. They can essentially “get it and forget it”, making budgeting much easier. A… Continue reading How has COVID-19 Changed Home-Buying Behaviour

As many of your clients will be painfully aware, getting approved for a mortgage in Canada has become increasingly difficult. This is due in part to the impact that COVID-19 has had on the lending space. Many Canadians have had their income and cashflow reduced and thus lenders are being more risk adverse, cutting back… Continue reading Helping your clients exit their alternative mortgage