Reverse mortgages · Brampton

Reverse Mortgages in Brampton

Brampton's long-time homeowners — many of whom raised families here since the 1980s — hold strong equity in detached homes across the city.

If you are 55 or older and own your home, you may be able to turn part of its value into tax-free cash — with no monthly payments, and without selling or moving. We are licensed Ontario mortgage professionals in the Dominion Lending Centres network, with our office at 7191 Yonge Street, Unit 305, Thornhill.

Get my free estimate How it works

Homes in Brampton hold real equity

Brampton grew fast, and its early neighbourhoods like Bramalea and Heart Lake are full of paid-off family homes. Multi-generational households are common here, and home equity often plays a role in helping kids buy nearby.

Across the GTA, the average home sold for about $1,069,700 in May 2026 (TRREB), with the benchmark near $946,500. Your own number is what matters: a reverse mortgage can unlock roughly 15%–55% of your home's appraised value, based mostly on your age. See how much you can get, by age.

We know Brampton

We work with homeowners across Bramalea, Heart Lake, Springdale, Mount Pleasant, Downtown Brampton and Castlemore. Brampton is a large urban market served by all of Canada's reverse mortgage lenders, including Equitable Bank's city-focused programs.

Staying vs. selling in Brampton

One local advantage: Brampton is outside the City of Toronto, so there is no Toronto municipal land transfer tax if you buy your next home here — only the provincial tax. Even so, selling costs real money (commission, moving, closing), and it moves you away from your street. Compare both paths: land transfer tax calculator and the honest downsizing comparison.

Questions Brampton homeowners ask

Who qualifies for a reverse mortgage in Brampton?

You must be at least 55, and so must everyone on the home's title. The home must be your main home, generally worth $250,000 or more. Income and credit matter far less than with a regular mortgage — age, home value and location drive approval.

How much can I get on a Brampton home?

Usually 15% to 55% of the appraised value. The older you are, the more you can unlock. Use the free calculator for your range — it takes about a minute, with no credit check.

Can I use a reverse mortgage to help my kids buy a home in Brampton?

Yes — gifting a down payment is one of the most common uses. You stay in your home, make no monthly payments, and give the help while you are here to see it matter. Compare it with a refinance first; we price both for you.

Is the money taxed? Will I lose OAS or GIS?

No. The money is a loan, not income. It is tax-free and does not reduce Old Age Security or the Guaranteed Income Supplement, as confirmed by the Financial Consumer Agency of Canada.

All reverse mortgage questions →

Prefer to talk? Call 905-597-5463 ext. 200 or send us a message. We serve all of Brampton and the rest of the GTA, in person or by phone.

Figures shown are estimates only — not an offer of credit or a commitment to lend. The amount you may qualify for depends on the lender's assessment of your age(s), property type, location, appraised value and any existing liens. Reverse mortgage lenders require independent legal advice before funding. A reverse mortgage is not suitable for everyone; alternatives include refinancing, a home equity line of credit, or downsizing.