BMO Financial’s Calgary-area manager, Laura Parsons, says that she is seeing more and more of the bank’s Baby Boomer clients capitalizing on the equity they’ve accumulated in their homes.

Boomers are applying for and using homeowner lines of credit, and similar financing opportunities, to buy homes for their children, renovate their own homes, purchase investment properties, and even invest in the stock market.



If these are ventures and/or goals that you’ve been considering, the Financial Consumer Agency of Canada lists the ways that you can use your home equity to get the desired financing before your mortgage’s current term ends.

For more information available here .