Rates Hub
Reverse Mortgage Rates Canada 2026
CHIP reverse mortgage rates and all five Canadian lenders — published 5-year fixed rates, updated monthly. No personal information required to compare.
Reverse mortgage rates in Canada in 2026 typically range from about 6.23% (Equitable Flex Lite) to about 7.97% on select Home Trust products; CHIP’s published 5-year fixed special rate is about 6.39% in eligible locations. 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 July 2026. Next: run the reverse mortgage calculator Canada tool (no personal info).
Reverse mortgage rates by lender (5-year fixed)
Rates last updated: July 2026
| Lender | Product | 5-Year Fixed Rate |
|---|---|---|
| CHIP | CHIP Reverse Mortgage | ~6.39% (special rate) |
| — | Income Advantage | 7.29% |
| Equitable | Flex | 6.28% |
| — | Flex PLUS | 7.43% |
| — | Flex Lite | 6.23% |
| 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.
Related content hub guides
- How reverse mortgages work in Canada
- Eligibility by province
- CHIP vs alternatives
- Inheritance impact
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.
Related resources
- Compare All 5 Lenders — Side-by-side comparison of CHIP, Equitable, Bloom, Home Trust, and Fraction
- Understanding Interest Rates
- HELOC vs Reverse Mortgage — Side-by-side cost and requirement comparison
- 2026 Market Report
- Loan Estimate Calculator — Estimate how much you could borrow from all 5 lenders
- How Reverse Mortgages Work
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