This is a Ontario guide to home equity release ontario. For the full national picture, see the national guide, and for everything specific to the province, the Reverse Mortgage Ontario hub.
What home equity release means in Ontario
For most Ontario 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 Toronto and North York, Ottawa, Mississauga, which affects both the amount you can release and the equity projection. Ontario has no broad provincial property tax deferral program — coverage is municipal and varies, so keeping property taxes current is something to plan for directly.
Serving homeowners across Ontario
Matthew Hines works with homeowners throughout Ontario — including Toronto and North York, Ottawa, Mississauga, Hamilton, the Guelph and Kitchener–Waterloo corridor. As a FSRA-licensed mortgage agent, Matthew 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 Ontario?
Do I lose ownership if I release equity this way?
Is the released money taxable?
Talk to Matthew Hines, the Ontario-licensed agent behind this page — or read the Stanley-Hines story.