Reverse Mortgage Canada 2026: Compare 4 Reverse Mortgages + Fraction. Stay in Your Home.
Compare four reverse mortgages + Fraction by age and home value — or go straight to a loan estimate, reverse mortgage rates, or the CHIP mortgage guide. No personal information required.
Free. No credit pull. Full calculator Rates CHIP mortgage
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 · 7.54% (posted)
$174,750
Equitable
35.0% LTV · 6.23%
$174,750
Bloom
35.0% LTV · 6.33%
$174,750
Home Trust
37.0% LTV · 6.23%
$185,250
Fraction
Not a reverse mortgage · 35.0% LTV · no-payment from 5.88%
$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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I want a number
Run the free loan estimate with age and home value — side-by-side figures, no personal info.
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What rate am I looking at?
Published 5-year fixed rates as of November 2026. Compare lenders before you call.
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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.
See the full reverse mortgage lenders comparison, or go straight to the CHIP mortgage guide.
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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 mortgage expert walks you through applications, appraisal, and legal.
Stay in your home.
Compare CHIP, Equitable, Bloom, Home Trust, and Fraction with a licensed mortgage expert. No fee to use this site.
Calculators & resources
Start with a loan estimate or published rates, then dig into longer-horizon tools.
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Loan estimate
See how much you could access from four reverse mortgages plus Fraction.
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Rates Canada 2026
Published 5-year fixed rates as of November 2026 — four reverse mortgages plus Fraction.
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Equity projection
Project home equity over 5, 10, or 25 years.
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Reverse vs HELOC
Compare total costs side-by-side.
Reverse mortgage guides for Canada
Rates, CHIP mortgage details, eligibility, how it works, and inheritance.
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Rates Canada 2026
Published 5-year fixed rates as of November 2026 from four reverse mortgages plus Fraction.
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CHIP mortgage guide
How the CHIP mortgage works, eligibility, products, and provinces covered.
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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 the CHIP mortgage 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.
Questions to settle first
Taxes and benefits, costs, alternatives, and how the loan protects your spouse.
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Taxes, OAS, GIS and CPP
Why reverse mortgage proceeds are a loan, not income, and what that means for your government benefits.
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Closing costs
The appraisal, legal, and setup costs to expect before funds are advanced.
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Reverse mortgage vs HELOC
How a reverse mortgage compares with a home equity line of credit for Canadians 55+.
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Spousal protections
What happens to the loan if one borrower moves to care or passes away.
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Step-by-step process
From the first conversation to funding, with what to expect at each stage.
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.
How much can I get from a reverse mortgage calculator?
The amount depends on your age, home value, province, and lender. Canadians 55+ typically access 15–55% of home equity. Use the free loan estimate calculator to see side-by-side figures for CHIP, Equitable, Bloom, Home Trust, and Fraction — no personal information required.
What are reverse mortgage rates in Canada?
Published reverse mortgage rates vary by lender and product. Check the rates hub for the latest snapshot (as of November 2026).
What is a CHIP mortgage?
A CHIP mortgage is HomeEquity Bank’s reverse mortgage product — available in all 10 provinces, including many rural properties. See the CHIP mortgage guide for product details.