bloom financial Archives - Mortgage Rates & Mortgage Broker News in Canada

More than a last resort: How to position reverse mortgages for today’s retiree

May 26, 2025 No Comments

Reverse mortgages have rapidly evolved from a niche product to a mainstream financial tool for Canadian homeowners aged 55 and over.

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Bloom unveils new home equity prepaid Mastercard as novel way for seniors to fund retirement

March 14, 2024 9 Comments

A first-of-its-kind product by Toronto-based Bloom Financial is offering an innovative solution for seniors struggling to fund their retirement in the face of rising costs.

Latest in mortgage news: consumer insolvencies at highest level since 2019

May 22, 2023 No Comments

Consumer insolvencies in Canada have risen to their highest level in three years.

Reverse mortgages are booming amid Canada’s turbulent rate environment

January 30, 2023 No Comments

High rates haven’t stopped Canadians from tapping their home equity by way of reverse mortgages.

The Latest in Mortgage News: Borrowers Growing Worried Over Rate Hikes

April 20, 2022 No Comments

Rising interest rates are starting to weigh down Canadians’ confidence in their finances, according to the latest results of the MNP Consumer Debt Index.

Meet Bloom, Canada’s Newest Reverse Mortgage Provider

September 22, 2021 5 Comments

There’s a new reverse mortgage provider in town. Bloom Finance Company rolled out its reverse mortgage product for Ontario homeowners this week.

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