The Strategic Advantage of Reverse Mortgages

The reverse mortgage market has shown notable growth over the past decade, reflecting a broader recognition of its potential to meet the financial needs of an aging population.

According to regulatory filings submitted by Equitable Bank and HomeEquity Bank, total Canadian reverse mortgage debt increased from $4.4 billion to $6.1 billion in 2022, representing an annual increase of 35%. 2022 was a standout year for Equitable Bank, which more than doubled its share of the Canadian reverse mortgage market, increasing its market share from 6% to 14%.

The Strategic Advantage of Reverse Mortgages uncovers market size and trends, while exploring the changing perceptions and attitudes around reverse mortgages. Download today.