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Unlock the Value in Your Home
Live Retirement on Your Terms
Discover how a reverse mortgage can
provide the financial freedom you deserve
If you're 55 or older, a reverse mortgage is a way to unlock extra money for retirement or everyday expenses. It lets you turn a portion of your home’s value into tax-free cash, without having to sell or move out.
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The best part? You stay the owner of your home, and there are no monthly payments required. It’s a flexible solution that helps you enjoy life - and your retirement, on your own terms.
Do I Qualify for a Reverse Mortgage?
Are you a 55 or older homeowner?
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In Canada, homeowners aged 55 or over can qualify for a reverse mortgage - and the older you are, the more home equity you can unlock, giving you access to up to 55% of your property's value. ​​​​​​​
Is the home your primary residence?​
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You must own your home and use it as your primary residence. Most types of homes are eligible, including detached houses, townhomes, and condos.
Is your home valued at $250,000 or more?​
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The appraised value of your home plays an important role, with most lenders requiring a minimum value of $250,000 and that the property be located in an approved area.
Making the Most of Your Reverse Mortgage
A reverse mortgage can open up new possibilities for your retirement and financial freedom. Whether you're looking to cover everyday expenses, plan for the future, or simply enjoy life a little more, there are many smart ways to put your home equity to work.
Access funds to help with low income, unexpected expenses, or to avoid selling investments during a market downturn.​
Regain financial stability after dealing with bad credit, tax arrears, or high debt - without strict credit checks.
Use home equity to help pay for medical expenses, in-home care, or assisted living — giving you peace of mind.
Open the door to new possibilities - buy your vacation home, investing in real estate, downsize, or renovate your home.
Ease the financial pressures on your loved ones helping them build a bright future through education.
Move without the stress of tight deadlines. Access the funds to buy a dream home before selling your current one.
Witness the joy of a living inheritance by helping your children or grandchildren with a down payment for their first home.
Stay in the place you love and access funds to buy out your spouse's share in the home during a divorce.​
Keep Ownership of your Home with
a Reverse Mortgage
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With a reverse mortgage, you stay the full owner of your home. Your name remains on the title, and you have the right to live in your home for as long as you choose. There are no forced repayments or deadlines as long as you meet the basic conditions.
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Another protection is that reverse mortgages in Canada have a no negative equity guarantee. This means that when it comes time to repay the loan — whether you sell, move out, or pass away — you or your heirs will never owe more than the fair market value of your home, even if housing prices decline. Your estate is protected, and your family will never be personally responsible for covering any shortfall.
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