Reverse Mortgages for Ontario Homeowners
We turn built‑up equity into steady, tax‑free funds so you can renovate, travel or simply enjoy life without monthly payments.
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Why Choose Our Ontario Team for Your Reverse Mortgage
From Barrie bungalows near Kempenfelt Bay to Burlington townhomes steps from the lake and all points across Ontario, our trusted and experienced mortgage team will guide you through every rule, fee and safeguard.
Our lenders cap borrowing at 55 percent of appraised value and guarantee you stay on title, so your heirs keep any remaining equity when the loan is repaid.
Get Your Free ConsultationFAQs for Reverse Mortgages in Ontario
Who can qualify for a reverse mortgage in Ontario?
Applicants must be 55 or older, reside in the property and hold sufficient equity. We confirm eligibility whether your home is a Windsor ranch, a GTA condo or a Barrie waterfront cottage.
How much money can we access?
Lenders advance up to 55 percent of today’s appraised value. Burlington owners with higher‑priced real estate often unlock larger lump sums while still keeping a healthy equity buffer.
Will we ever owe more than the house is worth?
No. Canada’s reverse mortgages include a no‑negative‑equity guarantee, so even if market values dip, your estate never repays more than sale proceeds after fees.
Are the proceeds taxed or affect OAS/GIS?
Reverse mortgage funds are loan proceeds, not income, so they are tax‑free and do not reduce Old Age Security or Guaranteed Income Supplement benefits.
What happens when we move or pass away?
The loan plus accrued interest is repaid from the sale or estate within 180 days. Any remaining equity belongs to you or your heirs—common for GTA homes that continue to appreciate.
Please note: it's always best to get in touch with our team to make sure each specific question you might have we can answer to you directly to ensure 100 percent accurate information.
