For Ontario homeowners 55+
Unlock your home's equity.
Stay in the home you love.
A reverse mortgage lets you turn up to 55% of your home's value into tax-free cash — with no required monthly payments, and no effect on your OAS or GIS benefits. We're licensed Ontario mortgage professionals in the Dominion Lending Centres network, and we compare Canada's reverse mortgage providers for you.
- FSRA-licensed in Ontario
- Dominion Lending Centres network
- Free to you — lenders pay us
- No obligation, ever
Reverse mortgages start at age 55
All homeowners on title must be 55 or older. The good news: you may have strong options to access your home equity with a refinance or home equity line of credit.
Explore refinancing optionsYou're all set
Your personalized breakdown is on its way. A licensed mortgage agent will follow up within one business day — no pressure, no obligation.
Figures shown are estimates only — not an offer of credit or a commitment to lend. The amount you may qualify for depends on the lender's assessment of your age(s), property type, location, appraised value and any existing liens. Reverse mortgage lenders require independent legal advice before funding. A reverse mortgage is not suitable for everyone; alternatives include refinancing, a home equity line of credit, or downsizing.
Simple and safe
How a reverse mortgage works
1. You stay the owner
You keep full ownership and title of your home. The lender registers a mortgage — just like a regular mortgage — but no monthly payments are required.
2. You receive tax-free cash
Take a lump sum, monthly advances, or both. It's a loan, not income — so it's not taxed and doesn't reduce OAS or GIS benefits.
3. You repay when you leave
The loan is repaid when you sell, move out, or from your estate. Canada's providers guarantee you'll never owe more than your home's fair value — as long as taxes, insurance and upkeep stay current.
What homeowners use it for
Eliminate a mortgage payment
Pay off an existing mortgage or line of credit and free up monthly cash flow for retirement.
Renovate to age in place
Fund accessibility upgrades, a new roof, or the kitchen you've been putting off — without selling.
Help family sooner
Give kids or grandkids a down-payment gift while you're here to see it matter.
Cover healthcare costs
In-home care and health expenses, funded from equity instead of savings.
Top up retirement income
Scheduled monthly advances that don't touch your investments or trigger tax.
Handle the unexpected
A resilient emergency fund secured by the home you already own.
Today's mortgage rate ranges
Updated every weekday from the Bank of Canada and across the market. Reverse mortgage rates are typically higher than these conventional ranges — we'll show you live lender rates when we prepare your estimate.
| Term | Market rate range |
|---|---|
| 5 Year Fixed | 3.94% – 4.39% |
| 3 Year Fixed | 3.84% – 4.34% |
| 5 Year Variable | 3.30% – 3.70% |
| Prime rate | 4.45% |
| Bank of Canada policy rate | 2.25% |
Rates shown are ranges observed in the Canadian market for illustration only, on approved credit (OAC), subject to change without notice, as of 2026-07-03. Where a specific rate is advertised for a fixed-amount mortgage, the APR equals the rate unless non-interest charges apply. Not an offer of credit.
We handle every kind of mortgage
Renewals
Your bank's renewal letter is rarely its best offer. We shop 50+ lenders before you sign.
Renewal advice →Refinancing
Consolidate debt, fund renovations, or access equity — at any age.
Refinancing options →First-time buyers
FHSA, 30-year insured amortizations, land-transfer-tax rebates — we make the GTA affordable.
Buyer's guide →From the learning centre
rates
Fixed vs Variable in Late 2026: How to Decide
Fixed vs variable mortgage in Canada, July 2026: BoC at 2.25%, prime 4.45%, 5-yr fixed ~3.94% vs variable ~3.30%. A framework for choosing, not a prediction.
reverse mortgage
Using a Reverse Mortgage to Pay Off Your Existing Mortgage
Retiring with a mortgage? A reverse mortgage can pay off the balance and end monthly payments — here's the math, the trade-offs, and who it actually suits.
reverse mortgage
Reverse Mortgages and Your Estate: What Heirs Should Know
How a reverse mortgage is repaid after death in Canada: the 180-day estate window, compounding interest, remaining equity, and what heirs actually inherit.
Figures shown are estimates only — not an offer of credit or a commitment to lend. The amount you may qualify for depends on the lender's assessment of your age(s), property type, location, appraised value and any existing liens. Reverse mortgage lenders require independent legal advice before funding. A reverse mortgage is not suitable for everyone; alternatives include refinancing, a home equity line of credit, or downsizing.