This is a British Columbia guide to home equity release british columbia. For the full national picture, see the national guide, and for everything specific to the province, the Reverse Mortgage British Columbia hub.
What home equity release means in British Columbia
For most British Columbia homeowners 55+, the practical home-equity-release tool is a reverse mortgage: tax-free proceeds, no monthly payment, and you keep ownership. The balance is repaid when you sell, move out permanently, or pass away.
How much you can release
Roughly 20% of home value at 55 rising to 50%+ at 80+, depending on age, property type, and location. Interest builds only on what you draw.
Releasing equity without losing control
You stay on title, keep future appreciation (subject to the balance), and the no-negative-equity guarantee protects your estate. The obligation is gone. The option isn’t — voluntary payments are always allowed.
Local considerations
Home values vary across Vancouver and the Lower Mainland, Victoria and Vancouver Island, Kelowna and the Okanagan, which affects both the amount you can release and the equity projection. BC runs a long-standing provincial property tax deferral program for homeowners 55+ — but from 2026 deferred amounts accrue compound interest at Prime + 2%, which changes the long-term math.
Serving homeowners across British Columbia
Gregory Stanley works with homeowners throughout British Columbia — including Vancouver and the Lower Mainland, Victoria and Vancouver Island, Kelowna and the Okanagan, Surrey, the Fraser Valley. As a BCFSA-licensed mortgage broker, Gregory compares all major Canadian lenders on your specific file rather than steering you toward a single product.
Frequently asked questions
What is home equity release in British Columbia?
Do I lose ownership if I release equity this way?
Is the released money taxable?
Talk to Gregory Stanley, the British Columbia-licensed broker behind this page — or read the Stanley-Hines story.