The Fraction Appreciation Mortgage allows Canadians to age at home and achieve financial security on their terms — with no monthly payments.
Canadians today face challenges unlike any other generation before. You might have considered downsizing, or transferring to long-term care pre-pandemic. If you’re rethinking your long-term housing and financial plans, you want the fairest and equitable option.
Now there are flexible, honest ways to stay in the home you love — and empower you to live your dream life.
It’s harder than ever to save for the future
Following the pandemic, aging in place has become a top priority for Canadians. Ninety-six percent of Canadians over the age of 55 plan to remain in their own homes for as long as possible versus downsizing or moving into long-term care. Given rising costs, inflation, and the average Canadian’s median savings at retirement sitting at $3,500 per month, many Canadians’ primary source of income after retirement now rests solely in their home.
This change has highlighted new financial challenges, as most were unprepared for the soaring costs of in-home care, home renovations and repairs, and the lack of capital that selling their home would have eventually freed up.
Previously, Canadians chose to free up equity and grow retirement savings by downsizing, allowing them to live comfortably at home amongst loved ones.
Yet, moving away from a place you love, family, and community can impact life quality, which in turn impacts life satisfaction. With expenses consistently increasing, inflation mounting and savings dwindling, finding ways to equitably fund your future are more vital than ever.
Downsizing for retirees in Canada comes with high, unanticipated costs from land transfer taxes, renovation costs, commissions, and more. Retaining your home is not only more beneficial from a cost perspective, but it’s now preferred given how quickly home values appreciate in Canada. Make the most of your savings by tapping into your home for tax-free cash to cover today’s needs without monthly payments.
I’m so grateful for Fraction, it came right when I needed it. I didn’t have to wait till I was 55 years old, I am currently 50. They were helpful and quick, they answered all my questions quickly and in detail.Carlo S.
The securest way to stay in the home that you love
Fraction helps homeowners age in place with complete financial security and without worrying about monthly mortgage payments. Our appreciation mortgage allows you to unlock up to 50 percent of your home’s value and has no monthly payments or repayment fees.
Unlike a traditional reverse mortgage, our terms are fair and favour the borrower. The Fraction Appreciation Mortgage rate is based on the appreciation of your home with a minimum and maximum rate. That means no matter the market situation, you’re protected. We are a mutually beneficial product — we succeed when you succeed.
“I’m so grateful for Fraction, it came right when I needed it. I didn’t have to wait till I was 55 years old, I am currently 50. They were helpful and quick, they answered all my questions quickly and in detail,” says Carlo S.
We’re dedicated to helping homeowners feel confident about making the best financial choices possible by providing them with education, flexibility and the fairest solutions.