"HELP FOR SENIORS: Reverse mortgages expected to draw more interest" by FP Mortgages journalist Paul Barker  (page SR 1 and 3).

The lead story in the National Post's Special  Report on Mortgages stressed the tremendous business potential in reverse mortgages. This is not news (my first book proclaimed the opportunity in 1993 when it was an established fact). It is news that this potential may become mainstream.

Once again reverse mortgages are presented as just another feature of the standard mortgage product instead of encouraging emergence of this industry to herald a different way of thinking about personal finance, real estate, extended living (the 21st Century replacement for "retirement"), and the relationships consumers have with their money and their advisors. What have we -- consumers and professionals -- learned from the economic reversal?

To paraphrase a common mis-definition of reverse mortgages, will the Canadian reverse mortgage market be exactly the same as the current mortgage industry, just backwards?

For context:
Response to Draft Advisory Capital Treatment of Reverse Mortgages
BestFriendWorstEnemy.com - Posted April 7, 2009

Reverse Mortgages in FP Mortgages: http://www.nationalpost.com/news/Help+seniors/4525572/story.html