Rates Hub
Reverse Mortgage Rates Canada 2026
Published 5-year fixed rates from all five Canadian reverse mortgage lenders. Compare products, then run your numbers — no personal information required.
Reverse mortgage rates in Canada in 2026 typically range from about 6.44% to 7.97% on five-year fixed products. Rates are higher than conventional mortgages because lenders receive no monthly payments and carry compounding and no-negative-equity risk. The table below consolidates published rates from CHIP, Equitable Bank, Bloom, Home Trust, and Fraction as of May 2026.
Reverse mortgage rates by lender (5-year fixed)
Rates last updated: May 2026
| Lender | Product | 5-Year Fixed Rate |
|---|---|---|
| CHIP | CHIP Reverse Mortgage | ~6.64% (special rate) / 7.24% (posted) |
| — | Income Advantage | 7.29% |
| Equitable | Flex | 6.54% |
| — | Flex PLUS | 7.69% |
| — | Flex Lite | 6.44% |
| Bloom | Bloom Reverse Mortgage | 6.59% |
| — | Bloom SafeRate™ | 6.69% (lifetime) |
| Home Trust | EquityAccess | 6.44%–6.68% |
| — | EquityAccess+ | 6.54%–6.79% |
| — | EquityAccess Boost | 7.69%–7.97% |
| Fraction | Fraction 5-Year (Ontario) | 7.29% floor |
| — | Fraction 4-Year (Ontario) | 7.19% floor |
| — | Fraction 3-Year (Ontario) | 7.09% floor |
| — | Fraction 5-Year (BC) | 8.72% floor |
| — | Fraction 4-Year (BC) | 8.99% floor |
Rates vary by province, home value, loan-to-value, and product features. Review the full lender comparison for eligibility and fee details.
Rate snapshot by lender
- CHIP — see product-level rates on the lender guide
- Equitable — see product-level rates on the lender guide
- Bloom — see product-level rates on the lender guide
- Home Trust — see product-level rates on the lender guide
- Fraction — see product-level rates on the lender guide
CHIP vs Equitable vs Bloom rates
Urban borrowers in Ontario, BC, Alberta, and Quebec often compare CHIP and Equitable Bank first. Bloom's SafeRate™ locks a lifetime fixed rate (currently ~6.69%) — unique in Canada. See our dedicated CHIP vs Equitable comparison for side-by-side product differences.
How to get your actual rate
Published rates are starting points. Your rate depends on age, home value, LTV, province, and product. Use the reverse mortgage calculator Canada to estimate borrowing power, then the cost estimator for setup fees. Read closing costs explained for a full fee breakdown.
Want a personalized rate quote?
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