A website of Dominion Lending Centres Homestead Financial · Independently Owned and Operated · Brokerage Licence #11711 # Reverse Mortgage in Dundas: Older Homes | ReverseMortgageHamilton.ca > Dundas reverse mortgage amounts on a $917,331 average, what the appraiser checks in an older home, and the 2026 tax rate. Free estimate, no sales pressure. URL: https://reversemortgagehamilton.ca/service-areas/dundas/ Dundas, City of Hamilton # Reverse Mortgage in Dundas: Village Homes Below the Escarpment With a reverse mortgage, Dundas owners aged 55 or more can borrow against the house without any required monthly mortgage payment. On the Dundas 12-month average of $917,331, that's up to about $464,000 at 65, $530,000 at 75 and $550,000 at 78 or older. You still look after the property taxes, insurance and upkeep. [Get My Free EstimateGet My Free Reverse Mortgage Estimate](https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgagehamilton&utm_medium=satellite&utm_campaign=dundas) [Try the Hamilton calculator](/tools/reverse-mortgage-calculator-hamilton/) - No cost - Doesn’t affect your credit - No sales pressure Figures checked October 15, 2026 ## Why Dundas homeowners ask about reverse mortgages An older village home with upkeep due Many Dundas homes near the old town are decades old. Windows, roofs and old plumbing come due at the same time a paycheque stops. Wanting help at home, not a move Many owners in their late 70s and 80s want to pay for help at home rather than leave the town they know. A stay in hospital or rehab A fall or a surgery can mean weeks away from home. Families worry the mortgage becomes due. A temporary stay doesn't trigger it. Wentworth Lodge nearby The City's long-term care home is in Dundas. Couples planning for one spouse to move there want to know what happens to the house. [ReverseMortgageHamilton.ca](/) answers the questions Dundas homeowners 55 and older ask about reverse mortgages. Dundas is a 19th-century town with home values higher than most of Hamilton’s districts. This page covers what those homes could give, the 2026 tax rate, and paying for help at home. ## Dundas homes and what they mean for the amount Dundas lies in a valley between two faces of the Niagara Escarpment. Its first settlers came in 1787, and it became a town in 1847 ([The Canadian Encyclopedia](https://www.thecanadianencyclopedia.ca/en/article/dundas)). That history shows on the older streets near the town centre, where many houses have stood for generations. The average Dundas sale over the 12 months to September 2026 was **$917,331** ([Cornerstone Association of REALTORS](https://cornerstone.inc/hamilton-burlington-haldimand-niagara-north-housing-statistics)). On that value, a reverse mortgage could give up to about $464,000 at 65 and up to about $530,000 at 75. At 78 and older, the ceiling reaches up to about $550,000. ### What the appraiser looks for in an older home The lender’s appraiser walks through the house and records its condition. Age alone isn’t the issue; condition is. A leaking roof, failing wiring or a wet foundation can lead a lender to ask for repairs. If the repair is already booked, the cost can sometimes be built into the mortgage and paid out once it’s done. [Renovations to stay in your home](/renovations-to-stay-in-your-home-hamilton/) explains the options. ## The 2026 tax rate in Dundas Urban Dundas homes pay a 2026 residential rate of **1.424%**, with composite fire service. Rural Dundas homes pay **1.286% to 1.367%**, depending on fire service. On the City’s example of a home assessed at $387,100, the urban rate comes to **$5,513** a year ([City of Hamilton, 2026 tax rates](https://www.hamilton.ca/home-neighbourhood/property-taxes/understanding-property-tax/how-property-tax-rates-are-calculated)). The interim bill in January is half of last year’s taxes. The final bill, mailed in May, includes the full year’s increase, so budget for it in the second half of the year. The assessed value on your bill is MPAC’s figure, not a sale price. A reverse mortgage doesn’t change your tax, and you keep paying it yourself. If your income is $44,568 or less and you’re 65 or older, the City’s deferral programs may cost less; the [Hamilton property tax deferral guide](/guide/hamilton-property-tax-deferral-seniors/) explains them. ## An illustrative Dundas example Here is a composite example, not a real client. An illustrative widower, 80, owns a brick house a few streets from King Street, worth about the Dundas average of $917,331. At 78 and older, a reverse mortgage could give him up to about $550,000. He doesn’t want a lump sum. He wants help at home three mornings a week and someone to clear the walk in winter. He sets up monthly deposits, and interest is charged only on each deposit once he’s received it. Most of the $550,000 approval stays untouched. His daughter, who lives out of town, is copied on every email, so she sees the same numbers he does. He keeps paying the taxes, insurance and upkeep, and has no required monthly mortgage payments. Because it is a loan rather than income, his Old Age Security and Guaranteed Income Supplement don’t change. [Paying for home care](/paying-for-home-care-hamilton/) explains how Hamilton families pay for care at home. ## When care is temporary, and when it isn’t A short stay in hospital, rehab or convalescent care doesn’t make a reverse mortgage due. The home stays yours, and nothing changes while you recover. A dementia diagnosis doesn’t trigger it either. A continuing power of attorney for property, signed while the homeowner is still mentally capable, lets a trusted family member deal with the lender and the bills if that day comes. It can’t be made afterward, so it’s worth doing early. The City operates Wentworth Lodge, a 160-bed long-term care home in Dundas ([City of Hamilton, Long-Term Care](https://www.hamilton.ca/people-programs/long-term-care)). If one spouse moves there and the other stays home, with both on the mortgage, nothing is triggered. When the last borrower moves into care for good, the mortgage becomes due, and families commonly have up to a year to settle it. The [long-term care and your Hamilton house guide](/guide/long-term-care-hamilton-house/) walks through the choices. ## Who it fits in Dundas, and who it doesn’t A reverse mortgage tends to fit Dundas owners who want to stay in an older home, pay for help or repairs, and keep the house in the family. It’s usually a poor fit if you plan to sell within a few years, or if a cheaper option covers the need. The [reverse mortgage cost guide](/guide/reverse-mortgage-cost-hamilton/) lists every one-time cost. In Dundas, the appraiser looks at an older village home’s condition as well as its price, and the appraisal sets the final figure. Richard Hopkins, Mortgage Broker, compares every reverse mortgage lender in Canada. He does it by email, phone and video call, and it costs you nothing. ## What Dundas homes are worth right now The average Dundas sale over the 12 months to September 2026 was **$917,331**. On that value, a reverse mortgage could give up to about **$464,000** at 65 and up to about **$530,000** at 75. At 78 or older, the ceiling reaches up to about $550,000. **Most a reverse mortgage could provide on an average-priced home: Dundas highlighted** | 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)](https://cornerstone.inc/hamilton-burlington-haldimand-niagara-north-housing-statistics). 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. ## Dundas neighbourhoods and landmarks The help is identical wherever you are in Dundas. A few of the neighbourhoods and places nearby: - University Gardens - Pleasant Valley - Highland Hills - Spencer Creek - York Heights - Dundana - Sydenham - Colborne ### Landmarks - Carnegie Gallery - Dundas Museum and Archives - Collins Hotel - Dundas Valley School of Art - Dundas Valley Conservation Area - Spencer Creek - Wentworth Lodge ### How the help reaches you in Dundas Richard helps by email, phone and video call, and anyone in the family can be kept in copy. The appraiser comes to your home anywhere in the valley, and you meet your own lawyer at any lawyer's office you choose. Dundas is highlighted. Not to scale. Select any area to open its page. [Open Dundas in Google Maps](https://www.google.com/maps/search/?api=1&query=Dundas%2C%20Ontario). ## How Dundas homeowners use a reverse mortgage - [Paying for care at home](/paying-for-home-care-hamilton/): What publicly funded care covers in Hamilton, what families pay for on top, and how the home itself can pay for more help. - [Renovations so you can stay home](/renovations-to-stay-in-your-home-hamilton/): Stairs, bathrooms and roofs in an older Hamilton house: the City and government help first, then how a reverse mortgage pays the rest. ## Guides Dundas families read first - [Long-term care in Hamilton: what happens to the house?](/guide/long-term-care-hamilton-house/) - [Hamilton's Vacant Unit Tax: what happens when a parent moves into care or passes away?](/guide/hamilton-vacant-unit-tax-long-term-care/) - [What does a reverse mortgage cost in Hamilton?](/guide/reverse-mortgage-cost-hamilton/) ## How it works for a Dundas homeowner You never need to visit an office. Email, phone and video call cover the broker's part, your children can follow along in copy, an appraiser calls at the house once, and you sit down with your own lawyer before signing. 1. 1 Free estimate A short online form about you, your home and what you owe. It takes about 90 seconds and doesn't affect your credit. 2. 2 Every lender compared Richard Hopkins, Mortgage Broker, emails you how much you could get and which lenders fit your Hamilton home, and asks how much you'd like to take. 3. 3 Application Once you've chosen an option, fill out a quick form and send a few documents. Your credit is checked once, and your application goes only to the lender you choose. 4. 4 Approval The lender usually sends its mortgage commitment letter within a day or two. 5. 5 Appraisal An appraiser visits the house to confirm its value. 6. 6 Independent legal advice You meet your own lawyer, who works only for you and takes you through the mortgage before you sign. 7. 7 Closing The lender sends the money to the lawyer or title company doing the closing. They pay off your current mortgage, any other debts on the home and the costs, then deposit the remaining money into your bank account. ## Dundas reverse mortgage questions **How much could a reverse mortgage give on a Dundas home?** On the Dundas 12-month average of $917,331, it's **up to about $464,000 at 65**, about $485,000 at 70, about $530,000 at 75 and about $550,000 at 78 or older. Your amount depends on the appraisal and the youngest homeowner's age. **Does a stay in hospital make a reverse mortgage due?** No. A temporary hospital, rehab or convalescent stay doesn't trigger it. The mortgage becomes due when the last borrower sells, moves out for good, or passes away. **Will a very old Dundas home get a lower amount?** No, not on its own. The appraiser values the home as it stands, including its condition. Serious disrepair can matter, and a booked repair can sometimes be built into the mortgage with the money held back until the repair is done. **What is the 2026 property tax rate in Dundas?** For urban Dundas homes, the 2026 residential rate is **1.424%**. Rural Dundas homes pay 1.286% to 1.367%, depending on fire service. On the City's example of a $387,100 assessment, the urban rate comes to $5,513. **Can monthly deposits pay for help at home?** Yes. A reverse mortgage can pay a lump sum, monthly deposits, or both. You pay interest only on money you've actually received, and the money doesn't affect Old Age Security or the Guaranteed Income Supplement. ## Sources Figures checked October 15, 2026. 1. [Cornerstone Association of REALTORS, Hamilton housing statistics (district 12-month averages)](https://cornerstone.inc/hamilton-burlington-haldimand-niagara-north-housing-statistics) 2. [City of Hamilton, How Property Tax Rates are Calculated (2026 rates by community)](https://www.hamilton.ca/home-neighbourhood/property-taxes/understanding-property-tax/how-property-tax-rates-are-calculated) 3. [City of Hamilton, Long-Term Care (Wentworth Lodge)](https://www.hamilton.ca/people-programs/long-term-care) 4. [The Canadian Encyclopedia, Dundas](https://www.thecanadianencyclopedia.ca/en/article/dundas) ## Nearby parts of Hamilton [ Ancaster The highest average of Hamilton's urban districts, so the largest amounts, and the freedom to take only what you need. Read about Ancaster ](/service-areas/ancaster/)[ 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. Read about Waterdown and Flamborough ](/service-areas/waterdown/)[ Lower City Older brick houses, the city's highest 2026 tax rate, and more homes that qualify for the City's $241 seniors rebate. Read about Lower City ](/service-areas/lower-city/) --- Free reverse mortgage estimate (no sales pressure): https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgagehamilton&utm_medium=satellite&utm_campaign=dundas Operated by Dominion Lending Centres Homestead Financial, a mortgage brokerage licensed by the Financial Services Regulatory Authority of Ontario, brokerage licence #11711. Independently Owned and Operated. ReverseMortgageHamilton.ca is a website of Dominion Lending Centres Homestead Financial, not a separate brokerage. Richard Hopkins, Mortgage Broker, licence M16000896.