Home improvements still main reason for equity release, says Canada Life

By: ameer@trustedteam.com

Home improvements continue to be the main reason homeowners take out lifetime mortgages, according to new data from Canada Life. However, the figures also show a growing number of customers are using equity release to improve their financial resilience by paying off existing mortgages and consolidating debt. Canada Life’s analysis of customer motivations during the first half of 2026 found that 43% of applicants cited home…

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