Global reverse mortgages in the news: growth, delay and launch

Canadian lender growth

Immediately to the north of the U.S. in Canada, the second-largest reverse mortgage provider — Toronto-based Equitable Bank — is seeing notable growth, according to a recent earnings report.

The company has managed to gain market share in the country’s relatively slow housing market, but a standout division for growth is reportedly the company’s reverse mortgage division.

The company’s “decumulation lending” division includes both reverse mortgages and insurance lending. It reached $2.5 billion CAD in volume (a little more than $1.8 billion USD) in the second quarter of 2025 that ended April 30. This constituted growth of 45% year over year and 8% quarter over quarter.

The bank attributed the growth to “broker support, value to…