How Much Could You Access?
Use this free tool to get a general estimate of the home equity you may be able to access through a Canadian reverse mortgage.
No personal information required. No obligation. Just a helpful starting point.
Your Estimate
Fill in a few details below. All fields are estimates — exact figures aren't needed.
How This Estimate Works
A few things to know about how Canadian reverse mortgages are calculated.
Age is the biggest factor
The older you are, the more equity you can typically access. Eligible homeowners aged 55 can generally access around 20% of their home's value; by age 85+, that can reach up to 55%. This is because lenders account for the expected length of the loan.
Home value matters
The estimate is based on your home's current market value — not what you paid for it. A licensed appraiser will assess the property as part of any formal application. Homes in major urban centres may qualify for slightly higher amounts.
Existing mortgages are paid off first
If you still have a mortgage, the reverse mortgage funds are used to pay it off first. Many clients find this eliminates their monthly mortgage payment entirely — which is itself a significant financial benefit.
No negative equity guarantee
All major Canadian reverse mortgage lenders — CHIP, Equitable Bank, Bloom, Fraction, and HomeTrust — offer a no negative equity guarantee. You will never owe more than your home is worth at the time of repayment.
Ready to Talk Through Your Numbers?
Our licensed specialists are happy to walk through a personalized estimate with you — and answer any questions your family or advisors may have.