Rewind Mortgage Explains the Options for Canadians Navigating Higher Costs and Renewals

Millions of Canadians will face a major financial decision in 2025 as their mortgages come up for renewal—many for the first time since rates fell to record lows during the pandemic. Now, interest rates are two to three times higher, and that sudden jump is causing real concern for older homeowners, especially those on a fixed income, nearing or already in retirement.

At the same time, economic uncertainty—from rising global tensions to weakening consumer confidence—is adding pressure to everyday finances. But here’s the good news: there are ways to navigate this market without selling your home or compromising your independence.

Rewind Mortgage, led by Reverse Mortgage specialist Peter Fabry, is helping Canadians 55 and older access the value in their homes safely and strategically.

A Unique Moment in Canada’s Economic Cycle

Recent headlines have been filled with talk of a looming recession, higher tariffs, and a decline in confidence across the Canadian economy. As CBC reports, “a perfect storm of global trade issues and weak consumer data is threatening the stability of major economies” (CBC).

Closer to home, economist David Rosenberg told CTV News, “We are already seeing recessionary patterns in Canada” with slowing growth and rising financial strain on families (CTV).

For Canadians over 55, this is more than just economic theory—it’s showing up as real concerns about:

• Managing mortgage payments on a fixed income

• Whether to renew at a much higher rate

• Whether downsizing is necessary

• How to support adult children or aging spouses in the same household

Peter Fabry understands these challenges deeply and works with each family to understand the best path forward based on their needs—not just financial products.

Why Reverse Mortgages Are Being Reconsidered in 2025

Reverse Mortgages have long been misunderstood in Canada. But in today’s climate, more Canadians are taking a second look at how they can help preserve stability and independence—especially when renewing at higher interest rates could cause monthly payments to spike.

With a Reverse Mortgage, homeowners aged 55+ can:

• Access a portion of their home equity

• Eliminate monthly mortgage payments

• Retain full ownership of their home

• Free up cash to cover rising living costs or support family

• Avoid tapping into RRSPs or investments at a loss

These solutions can be especially powerful for those facing a mortgage renewal with limited income flexibility.

As Canadian Mortgage Trends noted in April 2025, “Consumer confidence is at its lowest since 2020, driven in part by concerns over debt affordability and housing costs.” That makes this a crucial time to rethink traditional solutions—and to explore new ones with trusted guidance.

When a Reverse Mortgage Can Make Sense

Rewind Mortgage typically helps clients in situations such as:

“The goal isn’t to sell you on one product—it’s to make sure you understand all your options and feel confident about your decision.”
— Peter Fabry, Rewind Mortgage

Family Conversations Matter

Peter encourages families to talk openly about these decisions. Adult children often play a key role in helping parents evaluate their financial options—and it’s important they understand that Reverse Mortgages aren’t about giving up the home or leaving less behind.

In many cases, rising home values continue to offset the interest accrued on a Reverse Mortgage, helping preserve equity over time. And since there are no required monthly payments, homeowners avoid the strain that traditional renewals may bring.

Trusted, Professional Guidance Every Step of the Way

What makes Rewind Mortgage unique is Peter’s deep experience and client-focused approach. He takes the time to explain all the details clearly, and works closely with each client’s accountant, lawyer, or financial advisor to ensure every aspect is covered.

Clients receive personalized support—not just paperwork—and can explore options like:

• Reverse Mortgages

• Refinancing

• HELOCs (Home Equity Lines of Credit)

• Traditional mortgage renewals or extensions

Peter believes no one should feel pressured to make a fast decision, especially at a time when many are already feeling anxious about their finances.

Ready to Talk About Your Options?

Whether you’re renewing your mortgage or simply want to understand what’s available, reach out to Rewind Mortgage to schedule a confidential conversation.

Contact Peter Fabry today at 289-312-6333 or info@rewindmortgage.ca