Canadian Reverse Mortgages

Reverse Mortgage City Guides

Reverse mortgage availability, loan amounts, and local considerations vary significantly from city to city across Canada. Your home's location affects which lenders you can access, how much equity you can unlock, and what the process looks like.

Select your city below for a guide tailored to your local market — including estimated loan amounts, available lenders, neighborhood considerations, and tips specific to homeowners in your area.

Ontario

Toronto

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $1,100,000

Est. loan (age 55–75) $165,000–$550,000

Mississauga

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $1,000,000

Est. loan (age 55–75) $150,000–$500,000

Hamilton

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $750,000

Est. loan (age 55–75) $112,000–$375,000

Kitchener-Waterloo

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $700,000

Est. loan (age 55–75) $105,000–$350,000

Ottawa

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $650,000

Est. loan (age 55–75) $97,000–$325,000

London

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $575,000

Est. loan (age 55–75) $86,000–$287,000

British Columbia

Vancouver

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $1,250,000

Est. loan (age 55–75) $187,000–$625,000

Victoria

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $900,000

Est. loan (age 55–75) $135,000–$450,000

Alberta

Calgary

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $585,000

Est. loan (age 55–75) $87,000–$292,000

Edmonton

CHIP · Equitable · Bloom · Home Trust · Fraction

Avg. home value $420,000

Est. loan (age 55–75) $63,000–$210,000

Quebec

Montreal

CHIP · Equitable

Avg. home value $575,000

Est. loan (age 55–75) $86,000–$287,000

Quebec City

CHIP · Equitable

Avg. home value $375,000

Est. loan (age 55–75) $56,000–$187,000

Manitoba

Winnipeg

CHIP

Avg. home value $365,000

Est. loan (age 55–75) $54,000–$182,000

Saskatchewan

Saskatoon

CHIP

Avg. home value $380,000

Est. loan (age 55–75) $57,000–$190,000

Nova Scotia

Halifax

CHIP · Home Trust

Avg. home value $480,000

Est. loan (age 55–75) $72,000–$240,000

Don't See Your City?

Reverse mortgages are available across Canada. Check our province guide or contact us for information about your specific location.