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The conversation about Home Equity Sharing Agreements (HESAs) has taken a major step forward in Canada, sparked by a recent feature in the Financial Post and its inclusion in the Best of Apple News+. As the first Canadian company to launch a HESA back in early 2024, we’re excited to see this innovative option reach…

Owning a home in Canada is a major achievement. But what happens when the cost of everything else, from groceries to credit card interest, starts to overshadow that success? For millions of homeowners, rising interest rates and stubborn inflation are creating a financial squeeze that’s impossible to ignore, driving up consumer debts and straining monthly…

As of October 2, 2025, the Canada Greener Homes Loan is no longer accepting applications for its $40,000 interest-free loans that have helped over 120,000 Canadian households make their homes more energy-efficient. This closure follows that of the companion Canada Greener Homes Grant in early 2024, which has provided grants up to $5,000 to 400,000…

What is an FMV appraisal? A fair market value (FMV) appraisal in an unbiased estimate of what a property would sell for in an open and competitive market. An FMV appraisal takes in factors like location, condition and recent comparable sales into consideration when determining the property’s value. This type of appraisal aims to reflect…

This blog post is provided for informational purposes only and is not financial advice regarding any product. You should consult a certified financial planning professional, such as a Certified Financial Planner or a Qualified Associate Financial Planner, if you are looking for advice regarding financial products. “How does a Home Equity Sharing Agreement (HESA) compare…

You’ve worked hard for years and your home is likely your most significant asset. It represents dedication, memories and a cornerstone of your financial life. But is that hard-earned equity working as effectively for you as it could be, especially when day-to-day cash flow feels tighter than you’d like? For decades, homeowners have seen their…

The spring housing market in the Greater Toronto Area (GTA) hasn’t just been a bit sluggish, it’s split in two. As highlighted in the Canada Mortgage and Housing Corporation’s (CMHC’s) recent Housing Market Outlook, residential real estate in the GTA isn’t moving as a single market anymore. Instead, we’re seeing a clear divergence, with condominiums…

You know about fixed versus variable interest rates but what about the rest of the terms of your mortgage loan? These often-overlooked details can help or hinder your financial flexibility, especially when considering options for secondary financing, like a Home Equity Sharing Agreement (“HESA”, rhymes with ‘visa’) from Clay Financial. While we’re not a mortgage…

A basement suite allows homeowners to transform an under-used space into a valuable asset. Not only can it generate rental income or provide expanded living arrangements for multi-generational families, but it also increases your home’s value and marketability. A finished basement suite makes the home more appealing to future buyers, setting it apart from other…

We’ve launched a new tool to help homeowners learn about our Home Equity Sharing Agreement (HESA). Our HESA Calculator lets you see how much equity you can access in cash today and what your payment could be at the end of your HESA. Clay is not a lender and a HESA is not debt. Instead,…

Whether you want to retire comfortably, renovate your home, consolidate debt, start a business, help your kids with a down payment on their first home or diversify your investments, the equity in your home could be the key to making your financial goals a reality. Canadian homeowners have built up a staggering amount of home…

Applications are now open for our Home Equity Sharing Agreement (”HESA” – rhymes with visa) in the Greater Toronto Area! From Toronto to Newmarket and Burlington to Oshawa, homeowners now have a smarter alternative for tapping into their home equity. Home equity has become a substantial portion of Canadian homeowners’ wealth (over $5 trillion!). Until now, there…

Toronto-based fintech Clay Financial Inc. (“Clay”) has successfully closed its pre-seed funding round, securing $1.7 million. Clay is building innovative solutions to help Canadians tap into their home equity without selling or taking on debt. The funding will enable Clay to complete development of its novel product and platform, expand its team and fuel the company’s strategic growth…

Is your home both your nest and your nest egg? HOOPP ran its annual retirement survey recently and almost 40% of home-owning respondents agreed that they’ll be relying on the sale of their homes to set themselves up for retirement. Rob Carrick bluntly called this a “bad plan” in his column in The Globe and…