BARRIE, ON, Dec. 2, 2025 /CNW/ - Many Canadians aged 55 and older are feeling the pressure of rising living costs. Groceries, utilities, and medical expenses continue to increase, while savings and pensions struggle to keep pace. According to Statistics Canada, more than 1 in 4 seniors say they worry regularly about their monthly bills, even though homeowners aged 55+ hold more than $1 trillion in home equity . This gap is leaving many older adults unsure how to remain finan

As Canadian homeowners approach retirement, many are looking for ways to supplement their income and maintain financial independence. A reverse mortgage offers a practical solution—especially for homeowners aged 55 and older—to unlock the value of their home without selling.

Understanding the Benefits of a Reverse Mortgage for Health Care Costs in Canada