Equitable : Everything you need to know

Equitable : In the news

• Reverse mortgage activity likely to intensify later this year – exec

  Amid business closures and stock market crashes, elderly Canadians will need more liquidity than ever

• Common myths and misconceptions about reverse mortgages

  Combined with Equitable Bank’s announcement of a rate drop on their reverse mortgages, brokers can also learn how to address myths surrounding the products

• Equitable Group bracing for higher number of defaults

  The lender saw significantly lower income on an annual basis during the first quarter

• What's fuelling Canadians' demand for reverse mortgages?

  The fallout from COVID-19 is changing views on how best to leverage equity

• Who are the winners with the new qualifying interest rate?

  The implications of the long-awaited change are somewhat unclear, and some industry insiders say it doesn’t go far enough to fix the problem

• Reverse mortgage growth fuelled by wealthier, more active seniors

  Overall balance of reverse mortgage debt breaks records anew

• Reverse mortgages on an upswing as more and more Canadians get older

  Equitable Bank reported a near-threefold increase in applications over the past year

• Tighter rules have actually led to windfalls for some alt lenders

  Market shares for the sector are on an upswing, as well

• Industry urges Ottawa to clarify B-20’s purpose before making changes

  The federal government should also take a close look at the policy regime’s impact upon certain sectors

• Equitable Bank Q1 growth supported by alternative lending activity

  The institution reached its highest Canadian lending market share so far