In our era of identity theft, title fraud costs Canadians $300 million annually. It’s a serious problem that often impacts older adults. What is Title Fraud? Title fraud occurs when someone other than the lawful owner transfers the property to themselves or obtains a new mortgage to pull cash out of the house. This leaves...
Around the holidays, people celebrate the joys of home and family. For an expanding generation of boomers and seniors, these times reinforce the joys of living independently in the family home. While some have made the choice to downsize and rent an apartment, or even to embrace assisted living, you may still want to continue...
If you’re approaching retirement or already there, you might be thinking of downsizing to a home that will be accessible to you as you get older. Alternatively, you may say that you never want to leave your beloved home. Here’s a reality check: Along with the memories, your home may also be filled with stairs,...
At 65, will you still have a mortgage hanging over your head? Are you a Boomer over 50 who will still be making mortgage payments once you reach normal retirement age? If so, you’ll be like 35% of other senior homeowners, according to the Canadian Association Of Accredited Mortgage Professionals. As a senior, a mortgage...
Over time our housing needs change. The kids leave to get married and start their own families and your housing needs changes. My senior clients decide to sell and move to something smaller. This process Is called downsizing. Not just getting something smaller but finding a new place more suitable. More accurately called Rightsizing. Common...
More Canadians are planning to use their home to fund their retirement and rightly so. Many people have the majority of their net worth in their homes. Being equity rich and cash poor is common. Over time our housing needs change and your 2 story, 4 bedroom house may simply be too much house for...
If you are a baby boomer with retirement insight, you may be grappling with whether to downsize to another home, condo, or apartment that you buy or rent or stay put. In Canada, wherein many areas housing inventory is low, many of your contemporaries are deciding to upgrade their homes so that they can age...
Are you a baby boomer or senior ready to make a housing change? You might be interested to know that you are part of a growing trend in Canada. According to the National Association of Realtors (NAR), nearly half of all Canadians are retirees or baby boomers approaching retirement. Among real estate agents in Canada...