Your Home. Your Independence. Your Choice.
You didn't pay off a home for 35 years just to be told you can't afford to stay. A stair lift costs $3,000–$8,000. A full accessible bathroom: $15,000–$40,000. Your home equity already covers it.
93% of Ontario seniors want to stay in their own home as they age. A reverse mortgage gives you the tax-free funds to make the modifications that make it possible — with no monthly payments.
See What You Qualify For
Answer a few quick questions to get your personalized quote
Your information is secure and will never be shared with third parties.
Why Ontario Seniors Choose to Age in Place
The decision to remain in your own home isn't just emotional — it's financially smart. When you compare the cost of staying home (with modifications) versus moving to a retirement residence in Ontario, the numbers strongly favor aging in place.
Comfort and Familiarity
Your home holds decades of memories. Familiar surroundings reduce stress and support cognitive health as you age.
Significantly Lower Cost
Ontario retirement residences cost $3,500–$8,000+/month. Long-term care is $2,500–$6,000+/month. A one-time accessible renovation is a fraction of these ongoing costs.
Community and Independence
Stay connected to neighbours, community organizations, and family — maintaining the social connections that are vital to health and wellbeing.
Asset Appreciation
Remaining in your home means your asset continues to appreciate. Ontario home values have historically increased — building wealth rather than depleting it on rent.
Cost Comparison: Stay Home vs Move
Full home accessibility renovation
Retirement residence (mid-range Ontario)
Long-term care (Ontario average)
Home care (daily aide, 4hrs)
*Ontario estimates. Actual costs vary by location and circumstances.
Home Modifications You Can Fund with a Reverse Mortgage
From simple safety upgrades to full accessibility renovations, a reverse mortgage gives you the funds to make your Ontario home work for every stage of aging.
Accessible Bathrooms
$5,000 – $40,000
Walk-in showers, grab bars, comfort-height toilets, accessible vanities
Stair Lifts & Elevators
$3,000 – $20,000
Stair lift chairs, vertical platform lifts, residential elevators
Wider Doorways & Ramps
$1,000 – $8,000
ADA-compliant doorways, entrance ramps, threshold modifications
Main-Floor Bedroom
$5,000 – $30,000
Convert dining room or den to bedroom to eliminate stair hazards
Smart Home Technology
$500 – $5,000
Voice-activated lights, smart locks, fall detection, remote monitoring
General Safety Updates
$200 – $3,000
Non-slip flooring, better lighting, handrails, door lever handles
Combine a Reverse Mortgage with Government Programs
Ontario and federal programs can reduce your costs — and a reverse mortgage fills the remaining gap.
Home Accessibility Tax Credit (HATC)
Up to $3,000 tax credit
The federal HATC provides a 15% non-refundable tax credit on eligible home accessibility expenses (up to $20,000). Qualifying renovations include grab bars, ramps, stair lifts, and wider doorways.
Seniors' Home Safety Tax Credit (Ontario)
Up to $2,500 provincial credit
Ontario's Seniors' Home Safety Tax Credit provides 25% on eligible home safety improvements (up to $10,000 in expenses). Can be combined with the federal HATC for greater benefit.
Canada Greener Homes Grant
Up to $5,600
For energy-efficient home upgrades. Seniors can fund insulation, windows, and heating systems through this grant — and use reverse mortgage proceeds for accessibility renovations that don't qualify.
Community Care Access Programs
Variable — income-based
Some Ontario municipalities and Community Care organizations provide subsidized home modification assistance for low-income seniors. A reverse mortgage can supplement these programs for larger projects.
Estimate Your Home Modification Budget
See how much tax-free equity you could unlock to fund your aging-in-place renovations.
If you have an existing mortgage, it's paid off first from the proceeds.
Estimated Gross Proceeds
$165K – $225K
tax-free from your home equity
Illustrative estimates only. Actual amounts depend on age, property type, location, lender, and appraisal. Contact Rick for your exact qualification.
Get My Exact Number — FreeCall Rick — 416-473-9598Need a larger renovation budget?
In certain situations, it may be possible to access a higher portion of your home's value. Call Rick to understand all the options available to you.
More Resources for Ontario Seniors
Free Reverse Mortgage Guide Ontario
Get the complete guide to reverse mortgages for Ontario homeowners 55+.
Learn more →Retirement Cash Flow Solutions
Fund your ongoing care costs by improving your monthly retirement income.
Learn more →Debt Relief for Ontario Seniors
Eliminate debt so more of your income goes toward the life you want to live.
Learn more →Reverse Mortgage for Home Renovations
Complete guide to funding home renovations and accessibility upgrades in Ontario.
Learn more →Ontario Eligibility Requirements
Find out if you qualify for a reverse mortgage to fund aging in place.
Learn more →Reverse Mortgage Myths Debunked
The truth about reverse mortgages — including myths about aging in place funding.
Learn more →Aging in Place Ontario — Frequently Asked Questions
Not quite your situation?
Explore Every Scenario
Ontario homeowners 55+ use reverse mortgages for very different reasons. Find the one that fits yours.
Aging in Place
Fund home modifications to stay where you belong
Debt Consolidation
Eliminate payments the bank won't help you clear
See how →Retirement Cash Flow
Top up your CPP and OAS with tax-free monthly income
See how →Living Legacy
Help your family now — don't wait for the estate
See how →Ready to Make Your Home Work for You?
Get the free Ontario guide and find out how much equity you can unlock to fund your aging-in-place modifications.
See What You Qualify For
Answer a few quick questions to get your personalized quote
Your information is secure and will never be shared with third parties.