Reverse Mortgage Canada 2026: Compare 4 Reverse Mortgages + Fraction. Stay in Your Home.
Compare CHIP, Equitable, Bloom, and Home Trust with age and home value. No personal information required.
Free. No credit pull. Full calculator
Estimate what you could access
Age and home value — no name, email, or phone.
Enter 0 if your home is mortgage-free
CHIP
35.0% LTV · ~6.39% (special rate)
$174,750
Equitable
35.0% LTV · 6.23%
$174,750
Bloom
35.0% LTV · 6.59%
$174,750
Home Trust
37.0% LTV · 6.23%–6.47%
$185,250
Fraction
Not a reverse mortgage · 35.0% LTV · no-payment from 5.75%
$174,750
What stage are you at?
Pick the path that matches where you are. You can always come back.
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Just starting
Begin in the Education Hub: eligibility, myths, and how reverse mortgages work in Canada.
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Comparing options
Review lender differences and pressure-test a reverse mortgage against a HELOC.
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Ready to move
Book a free consult with a licensed LendCity specialist for your province and home value.
- Payments
- None required.
- Interest every month.
- Income
- Not required.
- Qualify on income.
- Credit
- Not scored.
- Credit check.
- Title
- You keep the home.
- You keep the home.
- NNEG
- On reverse mortgages.
- Not a reverse product.
- ILA
- Required at funding.
- Usually not.
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None required.
Interest every month.
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Not required.
Qualify on income.
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Not scored.
Credit check.
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You keep the home.
You keep the home.
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On reverse mortgages.
Not a reverse product.
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Required at funding.
Usually not.
Four reverse mortgages + Fraction
Each lender has unique strengths. We help you find the best match.
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CHIP
Clients in rural/remote areas, clients needing income-stream products, and clients who need a short-term bridge (CHIP Open).
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Equitable
Urban borrowers prioritizing the lowest rate and lowest setup costs. Best rates in Canada across all tiers.
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Bloom
Clients who want lifetime rate certainty (no renewal risk ever) or flexible on-demand equity access via the Prepaid Mastercard.
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Home Trust
Borrowers who want the lowest fees ($995 setup, $0 renewal), competitive rates from a federally regulated CDIC-member institution, or borrowers 70+ who need up to 59% LTV via the Boost product.
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Fraction
Homeowners who want a no-payment or interest-only mortgage in BC, Alberta, or Ontario through a licensed broker — including borrowers under 55 who cannot qualify for a reverse mortgage.
How it works
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Tell us about your home
Age, province, and approximate home value. No personal details needed.
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Compare four reverse mortgages + Fraction
Side-by-side estimates from CHIP, Equitable, Bloom, Home Trust, and Fraction.
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Choose the best fit
A licensed broker walks you through applications, appraisal, and legal.
Stay in your home.
Compare CHIP, Equitable, Bloom, Home Trust, and Fraction with a licensed broker. No fee to use this site.
Calculators & resources
Reverse mortgage guides for Canada
Rates, eligibility, how it works, inheritance, and CHIP vs alternatives.
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Rates Canada 2026
Published 5-year fixed rates from four reverse mortgages plus Fraction.
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How it works
Payout options, compounding, title, and repayment triggers.
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Eligibility by province
Which lenders operate in your province and territory.
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CHIP vs alternatives
Compare CHIP to HELOC, downsizing, refinancing, and more.
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Inheritance impact
What heirs inherit after 10, 15, and 20 years.
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Eligibility
Age 55+, property types, and why income does not matter.
Frequently Asked Questions
What is a reverse mortgage in Canada?
A reverse mortgage is a loan secured against a Canadian home that lets homeowners aged 55+ access typically 15–55% of their home equity (select products up to 59%; CHIP Max / preferred-broker path up to 65%) without required monthly payments. The loan and accrued interest are repaid when the home is sold, the borrower moves out, or the estate settles.
Who offers reverse mortgages in Canada?
Canada has four regulated reverse mortgage lenders: CHIP (HomeEquity Bank), Equitable Bank Flex, Bloom Finance, and Home Trust EquityAccess. Fraction is a shared-appreciation reverse-mortgage alternative (age 18+, no no-negative-equity guarantee, independent legal advice optional, full balance due in 3–5 years, urban ON/BC/AB). There is no government-backed program equivalent to the U.S. HECM.
Do reverse mortgage proceeds affect OAS or GIS?
Reverse mortgage proceeds are a loan advance, not taxable income, so they do not count as income for Old Age Security (OAS), Guaranteed Income Supplement (GIS), or Canada Pension Plan (CPP). Investment income earned on those proceeds can affect GIS.