If you are like many other Canadians over the age of 55, your assets include the equity in your home and the money you’ve saved. There is also a good chance that your home’s value has significantly increased over the years and represents a good portion of your net worth. While having a home that has increased value is a positive thing, you typically can’t spend that value unless you sell. And that’s something many homeowners simply do not want to do. The other option is putting a mortgage on the property – but then you may have to qualify on an income that is now reduced and make regular monthly payments that your budget won’t allow.