CHIP versus HELOC versus DOWNSIZE!

If you are considering using the equity you have built in your home to meet your retirement income needs, a Home Equity Line Of Credit (HELOC) and Downsizing might be the first options that come to mind.

However, if you are a Canadian homeowner aged 55 or better, the Canadian Home Income Plan (CHIP) Reverse Mortgage could be an alternative solution. 

So, which one of the following is the Best Solution for you?!

To become familiar with all available options, and be able to select the best one that fits your specific financial goal, with your questions, book your review today! 

Marjan Bozorgi, Mortgage Agent Level 2
Dominion Lending Centres
TLC Mortgage Group, Licence# 12988
416 . 602 . 8022

[email protected]
www.marjanbozorgi.ca 

Michael Misa, a rising hockey star from Oakville, played his first NHL game for the San Jose Sharks on Oct. 14 against the Carolina Hurricanes. After sitting out the first two games of the season, the 18-year-old centreman finally hit the ice, skating on the third line and logging over 15 minutes of ice time, along with two blocked shots.

Though the Sharks fell 5-1, Misa embraced the long-awaited moment with pride, taking part in the traditional rookie solo skate before warmups. He now looks to build momentum as San Jose faces the Utah Mammoth this Friday.

The Women’s Centre of Halton has received a $46,000 Ontario Trillium Foundation grant to expand its capacity and improve services for women in crisis. The funding has already supported staff training, improved safety measures, and launched strategic and marketing initiatives to better serve women navigating divorce, shelter transitions, or mental health challenges.

Presented by Oakville MPP Stephen Crawford on Oct. 15, the grant reflects growing local and provincial support for the Centre’s vital role in the community. Founded in 1989, the Centre continues to offer free, barrier-free programs that help women regain stability, dignity, and a renewed sense of direction.

Check out this beautiful listing from Cathy Rocca at The Rocca Sisters Team on North Shore Boulevard:

Monday, October 20
🌧️ A couple of morning showers, then mostly cloudy and windy
High: 16 °C | Low: 8 °C

Tuesday, October 21
🌦️ Cloudy with showers
High: 15 °C | Low: 7 °C

Wednesday, October 22
🌥️ Mostly cloudy with a brief shower or two
High: 12 °C | Low: 6 °C