Home Equity Release

Retirees and Seniors


Are you age 55 or older?

Are you looking for a way to fund your medical or recreational cannabis, healthcare, senior care, and living expenses?

Would you like to relieve financial pressure and alleviate debt?

Would you like to increase your cashflow and design the life you want?


Did you know...?

  • 1 in 2 Canadians are carrying debt into retirement

  • 3 in 5 Canadian retirees are worried about outliving their retirement savings

  • 1 in 2 Canadian retirees believe they will run out of money in less than 10 years

  • 9 in 10 Canadian "boomers" want to stay in their neighbourhood and live independently as long as possible

  • 1 in 4 Canadian women aged 65 will live past age 95

​​​​The Home Equity Release program unlocks the wealth in your home to fund your retirement expenses.

This program provides the following benefits:

  • Access a combination of lump-sum and monthly funding, and use the money however you see fit

  • Customize your own flexible funding plan

    • Afford to stay in your home and neighbourhood

    • Eliminate your mortgage and other debts

    • Create an additional income stream for expenses

    • "Right-size" into a new property and preserve more cash than with traditional downsizing

    • Enhance your net worth

  • Receive tax-free income that does not affect your Canada Pension Plan (CPP), Old Age Security (OAS), Guaranteed Income Supplement (GIS), or RRSP/RRIF payments

  • Maintain complete ownership of your home at all times

    • You will never be forced to move or sell until you no longer live in your home

  • Preserve your cashflow

    • Regular, ongoing payments are not required

  • Qualify for life and reduce risk

    • Unlike traditional methods, you don't need to worry about re-qualifying for credit or having your loan called back

  • Unlock up to 55% of your home value

  • Keep the remaining equity in your home

    • Over 99% of homeowners have money left over when they move or sell

    • On average, over 50% of the home value is left over

Who can qualify?

  • Canadian homeowner

    • You can still qualify even if you have a mortgage or debt balance

  • Age 55 or older

    • If there is more than one owner, all applicants must be age 55 or older as well

  • Your home must remain as your primary residence

  • Your property tax payments must be up-to-date or deferred

  • Your property must have valid and adequate home insurance

  • Your property must be well maintained

Optional Benefits

  • Lifetime Fixed Income Benefit: Gives you the option to convert some or all of your unlocked home equity into a lifetime income stream. The income stream will provide a guaranteed, fixed income for the rest of your life, no matter how long you live or what happens in the markets.

  • Lifetime Increasing Income Benefit: Gives you the option to convert some or all of your unlocked home equity into a lifetime income stream. The income stream will provide a guaranteed income for the rest of your life, no matter how long you live or what happens in the markets. Every year, your guaranteed income level will increase.

Sample Ways You Can Use This Program



Walter - Income for Healthcare

Walter didn't have much of an education, but he learned to work hard and saved enough over the years to buy and pay off a modest condo in Maple Ridge, BC. After his wife passed away, the condo became more than just a place to live. It represented their life together, and Walter never wanted to move out.

Working long hours in warehousing, manufacturing, and construction had taken its toll, and Walter was forced into early retirement with chronic back and neck pain. His doctor prescribed opioids to help Walter sleep, but he needed higher doses over time to manage the pain, and was worried about the possibility of addiction and eventual respiratory failure.

A good friend suggested that Walter try medical cannabis in combination with the prescribed opioids, and Walter felt more pain relief with lower doses of the opioids. However, since medical cannabis is not covered by the public healthcare system, Walter couldn't afford the new treatments.

Walter learned about the Home Equity Release program, and based on his condo value of $371,000 and his age of 74, he was able to generate an additional $900/month from program funding for his medical cannabis and living expenses. Walter will be able to stay in his condo and receive this additional income for the rest of his life!

Bill and Christine - "Right-Sizing", Not Downsizing

Bill and Christine have lived in the same house for over 35 years, and have many friends and fond memories from their neighbourhood.

After Bill developed Parkinson's disease, Christine did her best to support him at home. Over the years, the bills and medical expenses piled up. With expensive home mobility modifications, costly prescription drugs to help manage the Parkinson's symptoms, and heavy home care support, Christine had close to $550,000 in debt on their home equity line of credit (HELOC).

When Bill passed away due to complications from pneumonia, their HELOC provider decided Christine was a credit risk, and called back the entire borrowed amount.


Christine was devastated. Not only did she lose her husband, Christine would not be able to afford another property within the same neighbourhood after selling her house and paying back the HELOC amount. There were no suitable rental options nearby, and Christine needed at least another $250,000 in savings to buy a condo in the area.


Then Christine learned about the Home Equity Release program, which enabled her to "right-size" into a new condo less than 2km away from her old house. Christine sold her $1.45 million house, paid back the $550,000 in HELOC debt, invested $400,000 to provide retirement income for life, and, at the age of 87, qualified for an additional $330,000 of program funding to buy a new $748,000 condo.


Christine would never have to make any mortgage payments for the new condo, and she could stay there for life. She even had over $80,000 left over to cover any appraisal and closing costs, and to serve as an emergency fund.

Traditional vs Diversified Net Worth Planning

Wayne and Connie had built a good life for themselves. Their children all have promising careers, they paid off their $1.3 million home, and they were settling into retirement at the age of 63.

Traditional Planning

Wayne and Connie asked their financial planner to help draw up a retirement plan, based on their $1,000,000 in RRSP savings, $500,000 in non-registered and tax-free savings, and the $90,000 of income needed for their current lifestyle.

By age 85, Wayne and Connie have depleted their life savings, and access their home equity line of credit (HELOC) to fund their expenses. When they pass away at age 90, they leave an inheritance of $1,066,158 to their children.

Diversified Planning

If Wayne and Connie had taken a diversified planning approach with the Home Equity Release program, they could have kept their lifestyle and still had over $800,000 of savings at age 85. When they pass away at age 90, they leave an inheritance of $1,766,896 to their children, which is over $700,000 more than with the traditional approach.

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