Reverse Mortgages Rise Across Canada

In Canada, reverse mortgages shifted from niche product to mainstream option as older homeowners increasingly tapped home equity while staying in their homes.
Industry professionals said broker education expanded recently, with more conference panels and presentations, helping position reverse mortgages as a practical solution within broader client strategy.
Canada’s aging population was highlighted as a key driver, giving brokers more chances to help equity-rich but liquidity-poor homeowners access funds responsibly.
Financial pressure and current mortgage renewals created openings for deeper planning conversations around debt, cashflow, and long-term needs, beyond simply finding the best rate.
Brokers said demand remained strong as some parents used reverse mortgages to support children, but advisers stressed the product fits only after careful review.