From the lower city to Waterdown
Reverse mortgages across Hamilton's areas
The rules for a reverse mortgage are the same in every part of Hamilton. What changes from one area to the next is the home: its age, its type and its value, and so the amount you could borrow. Average sale prices run from about $499,000 in Hamilton Centre to more than $1 million in Ancaster and rural Flamborough.
- No cost
- Doesn’t affect your credit
- No sales pressure
Lower City
Older brick houses, the city's highest 2026 tax rate, and more homes that qualify for the City's $241 seniors rebate.
Hamilton Mountain
One-floor bungalows built for staying home, Macassa Lodge close by, and an average near $684,000.
Stoney Creek
Family homes on both sides of the escarpment, a 2026 tax rate that changes with your street, and an average near $766,000.
Ancaster
The highest average of Hamilton's urban districts, so the largest amounts, and the freedom to take only what you need.
Dundas
A 19th-century valley town with older homes, an average near $917,000, and the City's Wentworth Lodge close by.
Waterdown and Flamborough
An old mill village grown into a suburb, rural Flamborough's farms and acreages, and averages from about $931,000 to $1.2 million.
Every Hamilton district at a glance
| District | Average sale price | At 65 | At 70 | At 75 |
|---|---|---|---|---|
| Hamilton Centre (lower city) | $499,000 -5.0% in a year | $252,000 | $264,000 | $288,000 |
| Hamilton East (lower city) | $546,000 -7.9% in a year | $276,000 | $289,000 | $315,000 |
| Hamilton West (lower city) | $698,000 -3.6% in a year | $353,000 | $369,000 | $403,000 |
| Hamilton Mountain | $684,000 -5.0% in a year | $346,000 | $362,000 | $395,000 |
| Stoney Creek | $766,000 -5.5% in a year | $387,000 | $405,000 | $442,000 |
| Glanbrook (Binbrook, Mount Hope) | $771,000 -9.2% in a year | $390,000 | $407,000 | $445,000 |
| Dundas | $917,000 -5.3% in a year | $464,000 | $485,000 | $530,000 |
| Waterdown | $931,000 -3.3% in a year | $471,000 | $492,000 | $538,000 |
| Ancaster | $1,083,000 -6.3% in a year | $548,000 | $573,000 | $626,000 |
| Flamborough (rural) | $1,223,000 -1.8% in a year | $618,000 | $647,000 | $707,000 |
Average sale price, all home types, over the 12 months to September 2026: Cornerstone Association of REALTORS (ITSO data). Amounts use about 50.5% of the value at 65, 53% at 70 and 58% at 75, the ceilings on the market's highest-lending products. Prices and amounts are rounded to the nearest $1,000. Your own home and the appraisal set the real figure.