Equitable Bank in Canada reported substantial growth in its reverse mortgage division, achieving $2.5 billion CAD in volume in Q2 2025, a 45% year-over-year increase. This segmented division, aimed at providing solutions for retirees, has benefited from broker support and increased market demand for decumulation lending. Conversely, Australia's Home Equity Access Scheme is facing challenges, with numerous applicants experiencing lengthy delays in processing, as reported by Annette Sinclair. The stark contrast between the two countries illustrates different trajectories in reverse mortgage accessibility and market adoption.
Equitable Bank's reverse mortgage division saw a remarkable growth of 45% year-over-year, reaching $2.5 billion CAD in volume for Q2 2025.
Broker support and differentiated solutions contributed significantly to the growth of Equitable Bank's reverse mortgage division, capitalizing on the increasing demand for decumulation lending.
In contrast, Australia's Home Equity Access Scheme (HEAS) faces implementation challenges, with many applicants experiencing significant delays that hinder access to reverse mortgage services.
Annette Sinclair highlighted the troubling delays in the HEAS program, noting that while some applications move quickly, most face processing times of two months or more.
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