This page used to combine six provinces into a single overview. We have now built dedicated pages for each — with local market detail, regulatory context, example scenarios, and links to the right lender and alternatives for each province. Use the cards below to jump to your province.
Nova Scotia is served by two lenders (CHIP and Home Trust). The other five provinces on this page are served by CHIP only. A broker still adds value in all six — for product selection, process management, and honest assessment of whether a reverse mortgage is the right fit.
Nova Scotia
2 LendersCHIP and Home Trust (EquityAccess) since October 2025. Halifax Regional Municipality is the primary market; rate competition is new to NS.
Manitoba
1 LenderCHIP only. Winnipeg leads the market; MFSA regulates brokers; Education Property Tax Credit and Seniors' School Tax Rebate help reduce carrying costs.
Saskatchewan
1 LenderCHIP only. Regina and Saskatoon lead the market; FCAA licenses brokers; farm-residential lending has specific requirements.
New Brunswick
1 LenderCHIP only. Moncton is Atlantic Canada's fastest-growing market; FCNB licenses brokers; bilingual service standard; Property Tax Deferral Program available.
Prince Edward Island
1 LenderCHIP only. Strong post-2016 price growth has made more Island homes eligible; Real Property Tax Deferral available; Lands Protection Act rarely applies to RM.
Newfoundland and Labrador
1 LenderCHIP only. St. John's metro is the primary market; DGSNL regulates brokers; many rural NL homes fall below the $200K minimum.
Related Resources
- CHIP Reverse Mortgage — the only lender available in MB, SK, NB, PEI, and NL; one of two in NS
- Home Trust EquityAccess — available in Nova Scotia since October 2025
- Reverse mortgage estimate calculator — see what your home could support
- Eligibility requirements — age, property, and province basics
- Step-by-step application process — what to expect from inquiry to funding
- Alternatives guide — for homes below the minimum or modest equity needs