Reverse mortgages · Vaughan

Reverse Mortgages in Vaughan

From Woodbridge to Maple to Thornhill, Vaughan homeowners hold some of York Region's largest home equity — and our office is right here at Yonge and Steeles.

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.

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Homes in Vaughan hold real equity

Vaughan's housing is newer and larger than most of the GTA — big detached homes in Woodbridge, Maple and Kleinburg, many owned by families who bought in the 1990s and 2000s and have paid down most or all of the mortgage.

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 Vaughan

We work with homeowners across Woodbridge, Thornhill, Maple, Kleinburg, Concord and Vellore Village. Vaughan is a major urban market — all lenders serve it. Larger home values here often support larger reverse mortgage amounts.

Staying vs. selling in Vaughan

One local advantage: Vaughan 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 Vaughan homeowners ask

Who qualifies for a reverse mortgage in Vaughan?

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 Vaughan 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.

You're based in Thornhill — can we meet in person?

Yes. Our office is at 7191 Yonge Street, Unit 305, in Thornhill — inside Vaughan. Book a sit-down meeting, or handle everything by phone and email if you prefer. Family members are always welcome at the table.

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 Vaughan 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.