5 Ways to Support Your Retirement with Home Equity

🏠 Your home may be your biggest asset — but is it actually supporting your retirement? In this episode of The Canadian Retirement Roadmap, Patrick Briscoe, CFP® and Certified Executor Advisor, walks through five strategies to put your home equity to work in retirement. Learn about downsizing, reverse mortgages (CHIP), HELOCs, rental income, and selling to rent — with Canadian-specific tax insights including the Principal Residence Exemption, OAS clawback thresholds, and more!   Timestamps: 00:00 Introduction: Home Rich Cash Poor 01:42 Why Home Equity Matters 02:45 Tax Free Home Gains 03:54 Strategy 1: Downsizing/Right-Sizing 06:01 Strategy 2: Reverse Mortgage 08:46 Strategy 3: Home Equity Line of Credit (HELOC) 11:03 Strategy 4: Generating Rental Income 13:17 Strategy 5: Sell Your Home & Rent 15:59 Tom & Diane’s Plan 17:39 Three Key Takeaways 19:20 Next Steps & Wrap Up   👍 Don’t miss future episodes of The Canadian Retirement Roadmap Podcast!Subscribe here on YouTube and explore past episodes + free resources → https://bayswaterwealth.ca/podcast   📘 Request your complimentary copy of Financial Success for Pre-Retirees → https://docs.google.com/forms/d/e/1FAIpQLScMBqJG9BeN0xFiBtTPYLHbwSKuOAV50iwJF8yRziSQXsK6vg/viewform   🌐 Website: http://bayswaterwealth.ca 💼 LinkedIn: https://linkedin.com/in/patrick-briscoe/ 📸 Instagram: https://instagram.com/bayswaterwealth/ 📞 Want to connect? Book a free 15-minute introductory call (phone or video) → https://bayswaterbookings.ca/prospective-step-1/   ⚠️ Disclaimer: The information shared in this video is for educational purposes only and is not tailored financial advice. Every individual’s situation is unique — please consult with a qualified financial planner before making decisions about your personal finances.