Reverse mortgage rates in Ontario
The lowest published rate among 8 matching products is 6.33%, from Bloom Finance.
8 products from 2 lenders. One record per lender is shown, lowest displayed rate first. Latest check October 19, 2026.
- Bloom Finance
Home Equity Release Mortgage — 5 Year Fixed · 5 years · First · Up to 55% LTV · Fee wording published
Home equity release mortgage · selected locations · age and credit criteria apply
6.33%Checked October 19, 2026Lender source opens in a new tab - HomeEquity Bank
CHIP Reverse Mortgage — Special Rates · 3 years · First · LTV not stated · Fee wording published
Fixed-rate reverse mortgage · new originations · location and credit criteria apply
6.69%Lowest of 3 matching rowsChecked October 19, 2026Lender source opens in a new tab
What this list shows
Reverse mortgages do not follow a regular payment schedule, so payment illustrations are not calculated for them on this site.
Reverse and home-equity release products generally do not behave like a standard amortizing mortgage. Interest can accrue against equity, proceeds may be advanced in different ways and eligibility can depend on age, property and location. Standard monthly-payment comparisons are suppressed because they could imply a payment structure the product does not require.
Before comparing two of these rates
- Review closing costs and APR alongside the contract rate.
- Compare how and when funds are advanced and how interest accrues.
- Do not interpret a standard monthly-payment illustration as the product’s required payment structure.
Public research used for this guidance
- Financial Consumer Agency of Canada — borrowing against home equity opens in a new tab
Canadian guidance on second mortgages, HELOCs, borrowing limits and risks.
Published rates only, in each lender's own wording. This is not a recommendation or an approval. Rates can change after the date shown; open the lender's source and ask for a current quote before acting.