Choice Financial Blog

Reverse Mortgage in Canada: How It Works for Toronto Homeowners 55+

Reverse Mortgage in Canada: How It Works for Toronto Homeowners 55+

Greg Kalanjian
Published on: 03/11/2026

How reverse mortgages work in Canada: who qualifies, how much you can borrow, costs, repayment and the lenders (CHIP, Equitable, Bloom). A plain-language guide for Toronto and GTA homeowners 55+.