Reverse Mortgages are Booming in CanadaThis is something that EQB offers and is one of only TWO main players in the market.
“We’ve only been in this market for 18 months, but applications are jumping,” and have tripled over the past year, Andrew Moor, chief executive officer at Equitable Group Inc., said in an interview. The company, which operates Equitable Bank, sees the reverse mortgage sector expanding by about 25 per cent a year. “Canadians are getting older and there is an opportunity there.”
https://business.financialpost.com/real-estate/mortgages/dont-pay-til-you-die-reverse-mortgages-are-booming-in-canada