Reverse Mortgages in British Columbia & Alberta
Unlock the Equity in Your Home Without Selling or Moving
Stay in Your Home. Access Your Equity. Live on Your Terms.
If you’re a homeowner aged 55 or older, a reverse mortgage allows you to turn your home equity into tax-free cash — while staying in your home.
At Dare 2 Dream Mortgage Company, we help clients across British Columbia and Alberta understand if a reverse mortgage or a Hard Money Loan is the right fit for their financial and retirement goals. We work with top Canadian providers like HomeEquity Bank (CHIP) and Equitable Bank to offer safe, regulated, and flexible mortgage solutions tailored to your needs.
You’ve invested in your home. Now let your home support your retirement.
What Is a Reverse Mortgage?
A reverse mortgage lets eligible Canadian homeowners borrow up to 55% of their home’s value, depending on age, property, and location — without making monthly payments.
- You retain ownership of your home
- You can receive funds as a lump sum, monthly income, or both
- The loan is repaid when you sell the home, move out, or pass away
- There are no mandatory monthly payments
It’s a secure, federally regulated product designed for Canadians over 55 — and used by thousands across BC and Alberta.
Why Seniors Choose Reverse Mortgages
Many Canadian retirees are house-rich but cash-flow poor. A reverse mortgage can:
- Supplement pensions, CPP, and RRIF withdrawals
- Pay off existing debts or mortgages
- Help with in-home care or medical expenses
- Fund renovations or accessibility upgrades
- Provide financial gifts or support for children and grandchildren
- Offer peace of mind during retirement
Eligibility for Reverse Mortgages in Canada
You may qualify if:
- You are 55 years or older
- The home is your primary residence
- The home is located in an eligible area (most urban and suburban regions in BC or Alberta)
- The property is in good condition and has sufficient equity
You don’t need to be mortgage-free — many clients use a reverse mortgage to pay off an existing mortgage or line of credit.
How Funds Can Be Received
Choose the option that best fits your financial plan:
- Lump Sum – Ideal for paying off debt, helping family, or large expenses
- Monthly or Scheduled Advances – Creates steady income flow
- Combination – Start with a lump sum, then receive additional payments over time
Our Coquitlam mortgage specialists will help structure your reverse mortgage to meet your needs.
Is a Reverse Mortgage Safe?
Yes. Reverse mortgages in Canada are:
- Federally regulated and insured
- Let you stay in your home as long as it’s your primary residence
- Never require monthly payments
- Guarantee that you’ll never owe more than your home is worth when sold*
You or your estate will always keep any remaining equity after the loan is repaid.
*Based on the lender’s no-negative-equity guarantee
We Help Clients Across BC and Alberta
Whether you’re downsizing, staying put, or planning your estate, we’ll help you explore all your options.
British Columbia:
- Vancouver
- Coquitlam
- Burnaby
- Surrey
- Langley
- Kelowna
- Victoria
- Fraser Valley
Alberta:
- Vancouver
- Coquitlam
- Burnaby
- Surrey
- Langley
- Kelowna
- Victoria
- Fraser Valley
Need a location-specific refinance advisor?
Why Work With Dare 2 Dream Mortgage Company?
Licensed across British Columbia & Alberta
- Certified reverse mortgage professionals
- Access to CHIP and Equitable Bank reverse mortgage programs
- Friendly, patient service — no pressure or jargon
- Trusted by retirees and families across Canada
We offer free consultations to walk you through everything — including alternatives if a reverse mortgage isn’t your best fit.
Testimonials
FAQs – Reverse Mortgages in Canada
No. You remain the legal owner, just like with any other mortgage.
No monthly payments are required. The loan is repaid when you sell, move out, or pass away.
Yes — the funds are tax-free and can be used however you wish.
Yes. When the home is sold, the reverse mortgage is repaid and any remaining equity goes to your estate.
Typically up to 55% of your home’s appraised value. The exact amount depends on your age, home value, and location.
Ready to Explore Your Options?
We offer no-obligation consultations to help you and your family understand how reverse mortgages work — and whether they’re the right fit for your retirement plans.
Based in Coquitlam, licensed across British Columbia & Alberta
Request Your Free Reverse Mortgage Consultation
Explore More About The Coquitlam Area
Office Hours
Monday
8:00 am – 8:00 pm
Tuesday
8:00 am – 8:00 pm
Wednesday
8:00 am – 8:00 pm
Thursday
8:00 am – 8:00 pm
Friday
8:00 am – 8:00 pm
Saturday
8:00 am – 8:00 pm
Sunday
8:00 am – 8:00 pm