# Kingsway Reverse Mortgage: High-Value Homes | ReverseMortgageEtobicoke.ca > Kingsway reverse mortgage: what a $2.46 million Kingsway South house can provide, and why top amounts carry a higher rate. Free estimate, no sales pressure. URL: https://reversemortgageetobicoke.ca/service-areas/the-kingsway/ The Kingsway, Etobicoke # Kingsway Reverse Mortgage: What a High-Value Home Can Provide, and at What Rate A Kingsway reverse mortgage lets owners 55 and older borrow against a high-value house with no required monthly mortgage payments. Kingsway South detached houses sold for a median of $2,460,000 from April to June 2026. At 75, that means up to about $1,421,000, and Richard shows you how much of it you can get at a standard rate. [Get My Free Estimate](https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgageetobicoke&utm_medium=satellite&utm_campaign=the-kingsway) [Try the calculator](/tools/reverse-mortgage-calculator-etobicoke/) No cost · No credit check · No sales pressure Last updated October 16, 2026 Photo: rokker, [CC BY 3.0](https://creativecommons.org/licenses/by/3.0/), via [Wikimedia Commons](https://commons.wikimedia.org/wiki/File:Old_Mill_-_panoramio_\(2\).jpg). ## What Brings Kingsway Homeowners to a Reverse Mortgage A paid-off house and a fixed pension In Kingsway South, 55.8% of owners had no mortgage in 2021 ([City of Toronto](https://ckan0.cf.opendata.inter.prod-toronto.ca/dataset/6e19a90f-971c-46b3-852c-0c48c436d1fc/resource/19d4a806-7385-4889-acf2-256f1e079060/download/nbhd_2021_census_profile_full_158model.xlsx)). The house can be worth millions while monthly income stays fixed. Upkeep on an older, larger house Most Kingsway South homes were built in 1960 or earlier. Roofs, windows and masonry on a large older house cost more to keep up, and upkeep is a condition of every reverse mortgage. Helping children buy in Toronto You may want to give a son or daughter money toward a home now. A reverse mortgage can fund a gift while you keep owning and living in the house. Keeping OAS intact The money isn't considered income, so it's tax-free and doesn't count toward the OAS clawback. [ReverseMortgageEtobicoke.ca](/) sets out, in plain numbers, what a Kingsway reverse mortgage can mean for owners 55 and older whose house is worth two million dollars or more. The amounts are larger than anywhere else in Etobicoke, and so is the gap between the highest amount and the amount available at a standard rate. You keep owning and living in the house, with no required monthly mortgage payments. The tax bill, the insurance policy and the repairs remain your job. ## Houses built to a 1912 plan Robert Home Smith unveiled his “Humber Valley Surveys” in 1912, the Old Mill Tearoom opened in 1914, and the first two houses on The Kingsway itself went up in 1924 ([Etobicoke Historical Society](https://www.etobicokehistorical.com/the-kingsway.html)). Homes had to be designed by an architect, and Tudor or English styles were preferred. That plan still shows in the census. In Kingsway South, 66.9% of homes were single-detached houses in 2021, 58.6% of dwellings were built in 1960 or earlier, and 23.3% of residents were 65 or older ([City of Toronto, 2021 Neighbourhood Profiles](https://ckan0.cf.opendata.inter.prod-toronto.ca/dataset/6e19a90f-971c-46b3-852c-0c48c436d1fc/resource/19d4a806-7385-4889-acf2-256f1e079060/download/nbhd_2021_census_profile_full_158model.xlsx)). Owners there put the median value of their own homes at $2,000,000, the highest in Etobicoke. ## Why the ceiling isn’t the only number that matters On a Kingsway house, the question is rarely whether a reverse mortgage can provide enough. It is which product gives the amount you want at the best overall value. ### The highest-lending products The ceilings on this page are the most you could qualify for at each age. The older you are, the more you can get, up to about 60% of the home’s value from age 78, and the largest amounts come at a higher rate. Those products charge a higher interest rate, and the higher rate applies to the whole balance, not only to the extra dollars above a standard product’s limit. On a balance in the hundreds of thousands, that difference adds up every year. ### Standard products A product at a standard rate lends a lower percentage of the same house. For reference, standard pricing was 6.23% to 6.94% (advertised 5-year fixed rates across the four lenders, checked September 17, 2026). On a $2,460,000 house, even a much lower percentage is a large sum. Many Kingsway owners can get everything they need from a standard product and never use the top tier. An [Etobicoke mortgage broker](/etobicoke-mortgage-broker/) who compares every reverse mortgage lender in Canada can show both. ## Example: A Kingsway South Couple For example, consider a couple whose younger spouse is 75, in a 1930s Tudor-style house on a curving street near the Old Mill. Detached houses in Kingsway South sold for a median of $2,460,000 from April to June 2026, across 26 sales ([TRREB, Q2 2026](https://trreb.ca/wp-content/files/market-stats/community-reports/2026/Q2/TorontoWestQ22026.pdf)). At 75, the most they could qualify for is up to about 58% of that, or about $1,421,000. The couple has no mortgage and wants $400,000: $250,000 toward their two children’s first homes and $150,000 for a new roof and windows. $400,000 is about 16% of $2,460,000. That is well within what standard, lower-rate products allow at 75, so the couple has no reason to pay a higher rate for room they won’t use. Interest adds to the $400,000 each year, while growth in the house’s value often makes up some or all of it. Every lender also promises that you can never owe more than your home’s fair market value at the time the mortgage becomes due, as long as property taxes, insurance and upkeep are kept up, typically called the no negative equity guarantee. ## The Kingsway covers more than one TRREB community Kingsway South is the City of Toronto’s neighbourhood name for the Kingsway, and TRREB reports a community by the same name. The Kingsway itself sits north of Bloor Street West, up to Dundas Street West, between the Humber River and Mimico Creek ([Wikipedia, The Kingsway](https://en.wikipedia.org/wiki/The_Kingsway,_Toronto)). The Kingsway area people talk about also reaches north into Edenbridge-Humber Valley, around James Gardens, and west toward Princess-Rosethorn. Detached houses in those two communities sold for medians of $1,938,000 and $1,660,000 in the same quarter. A house in Princess-Rosethorn can produce a very different figure from one in Kingsway South, which is why the [Etobicoke reverse mortgage calculator](/tools/reverse-mortgage-calculator-etobicoke/) asks for your own home’s value. ## Points Kingsway families raise **The appraisal of a one-of-a-kind house.** Only 26 detached houses sold in Kingsway South in the quarter, and architect-designed homes vary a lot. The appraiser’s figure, not the median, sets the amount, so it can come in above or below $2,460,000. **A spouse who needs care.** Nothing changes while one borrower still lives in the house. Repayment is triggered only by a sale, by the last borrower’s permanent move out of the house, or by the last borrower’s death, as [long-term care in Etobicoke](/guide/long-term-care-etobicoke/) explains. The money can also pay for help at home, covered in [paying for home care in Etobicoke](/paying-for-home-care-etobicoke/). **Taking it in stages.** Borrowing the maximum on day one can limit your choices when the term ends, because a large balance may outgrow other lenders’ limits. A smaller first advance with later draws keeps more options open, and Richard Hopkins, Mortgage Broker, can explain how each lender prices later draws. **The estate.** Whatever the home sells for above the balance stays with your estate, and the lender never owns the house. If you’re weighing a sale instead, [downsizing in Etobicoke and land transfer tax](/guide/downsizing-etobicoke-land-transfer-tax/) sets out the costs. ## The Kingsway home values and what they could provide The Kingsway: TRREB prices by type of home, and the most a reverse mortgage could provide Home type TRREB price Up to, at 65 (50.55%) Up to, at 75 (57.75%) Detached house, Kingsway South26 sales, April to June 2026 TRREB price $2,460,000 Up to, at 65 $1,244,000 Up to, at 75 $1,421,000 Condo apartment, Kingsway South6 sales, April to June 2026 TRREB price $950,000 Up to, at 65 $480,000 Up to, at 75 $549,000 Detached house, Edenbridge-Humber Valley24 sales, April to June 2026 TRREB price $1,938,000 Up to, at 65 $980,000 Up to, at 75 $1,119,000 Detached house, Princess-Rosethorn27 sales, April to June 2026 TRREB price $1,660,000 Up to, at 65 $839,000 Up to, at 75 $959,000 Prices: [TRREB Community Housing Market Report, Toronto West, Q2 2026 (April to June)](https://trreb.ca/wp-content/files/market-stats/community-reports/2026/Q2/TorontoWestQ22026.pdf). Amounts are the most you could qualify for at that age, from the same age table as the reversemortgagebroker.ca calculator, rounded to the nearest $1,000, before anything you owe is paid off. The largest amounts come at a higher rate, and the lender's appraisal of your own home sets the real figure. These are TRREB's April to June 2026 median prices, and each figure is the most you could qualify for at that age. The largest amounts come at a higher rate, and a lower-rate product lends less. Richard shows you what you can get at a standard rate. ## Streets and pockets of The Kingsway Richard helps owners in every part of Kingsway and the communities beside it, including: - Kingsway South - Humber Valley Village (Edenbridge-Humber Valley) - Princess-Rosethorn - Islington Village - Humber Heights-Westmount - Stonegate-Queensway ### Places locals know - The Old Mill by the Humber River, where the Old Mill Tearoom opened in 1914 - Royal York station on Line 2 - Old Mill station on Line 2 - James Gardens, beside Lambton Woods - The Humber River Recreation Trail - Bloor Street West shops near Royal York station ### Getting help from home in The Kingsway Richard Hopkins, Mortgage Broker, helps Kingsway owners by email, phone and video call, and your grown children can be copied on each message. Only two steps happen in person: the appraiser comes to the house, and you meet your own lawyer. Many owners choose a lawyer close to home, on Bloor Street West near Royal York Road. The filled pin marks The Kingsway. Choose another name to open that neighbourhood. [Open The Kingsway in Google Maps](https://www.google.com/maps/search/?api=1&query=The%20Kingsway%2C%20Etobicoke%2C%20Toronto%2C%20ON). Etobicoke boundary © OpenStreetMap contributors (ODbL), simplified. ## Reasons The Kingsway owners look into it - [A broker who compares everything](/etobicoke-mortgage-broker/): Every reverse mortgage lender in Canada compared, plus HELOCs and refinances, so the recommendation fits your situation. - [Paying for home care](/paying-for-home-care-etobicoke/): Private care hours, a stair lift or a main-floor bathroom, paid from your home's value so you can stay in it. - [Garden suite or multiplex](/garden-suite-multiplex-etobicoke/): A second home on your lot for family or a caregiver, paid for from your house with no required monthly mortgage payments. ## Etobicoke guides for The Kingsway families - [Downsizing in Etobicoke: Land Transfer Tax and Every Other Cost of Moving](/guide/downsizing-etobicoke-land-transfer-tax/) - [Long-Term Care in Etobicoke: The Homes, Wait Lists, 2026 Costs and Your House](/guide/long-term-care-etobicoke/) ## The Seven Steps, From The Kingsway to Closing Day Only the appraisal and your lawyer happen in person. The rest goes back and forth by email, phone and video call, with anyone in your family copied in. You can stop at any step. Nothing is signed until the application, and nothing is final until your own lawyer has explained it. 1. 1 Step 1: Free estimate Fill in a short form online, about 90 seconds, and a first figure for your Etobicoke home appears. Asking has no effect on your credit. 2. 2 Step 2: Every lender compared Richard Hopkins, Mortgage Broker, puts your home up against every reverse mortgage lender in Canada. His first email shows how much you could get and which lenders fit, and asks how much you want. 3. 3 Step 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 Step 4: Approval The lender usually sends its mortgage commitment letter within a day or two. 5. 5 Step 5: Appraisal An appraiser comes to the house or condo to confirm what it is worth. The amount available is then set from that appraised value. 6. 6 Step 6: Independent legal advice Your own lawyer, acting for you alone, explains the mortgage at your independent legal advice appointment (ILA), and only then do you sign. Expect about $800 to $1,200 in Ontario. 7. 7 Step 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. ## Questions From Kingsway Homeowners **How much could a reverse mortgage provide on a Kingsway house?** On a house at $2,460,000, the median for Kingsway South detached houses from April to June 2026, it is up to about $1,244,000 at 65 and about $1,421,000 at 75. On a house at Edenbridge-Humber Valley's $1,938,000 median, it is up to about $980,000 at 65 and about $1,119,000 at 75. Those are the most you could qualify for, not quotes. The largest amounts come at a higher rate, and the lender's appraisal sets the real figure. **Do you have to borrow the full amount on a Kingsway house?** No. The ceiling is a limit, not a target, and interest builds only on dollars that reach your account. You can take a smaller lump sum, monthly deposits, or both. Taking only what you need can also let you use a product with a lower rate, because only the largest amounts need the higher-rate products. **Why does the highest amount come with a higher interest rate?** The products that lend the top percentages of a home's value charge a higher interest rate for it. That rate applies to the whole balance, not only to the extra dollars. A product at a standard rate lends a lower percentage of the same house, which is often plenty on a Kingsway home. [An Etobicoke mortgage broker](/etobicoke-mortgage-broker/) compares both. **Does a reverse mortgage affect your OAS?** No. The money isn't considered income, so it adds nothing to the net income used for the OAS clawback, which starts at $93,454 of net income (2025 income, for July 2026 to June 2027 payments). Interest earned on money you leave in savings does count as income. **What happens to a Kingsway house when the last borrower passes away?** The family sells the house or repays the balance in another way, and keeps every dollar above what is owed. The lender never owns the home. Estates have 180 to 365 days to settle, depending on the product, with no monthly payments and no prepayment charge in that time. ## Sources 1. [TRREB Community Housing Market Report, Toronto West, Q2 2026 (Kingsway South, Edenbridge-Humber Valley, Princess-Rosethorn, PDF p. 43, 44, 48, 50)](https://trreb.ca/wp-content/files/market-stats/community-reports/2026/Q2/TorontoWestQ22026.pdf) 2. [Etobicoke Historical Society, The Kingsway](https://www.etobicokehistorical.com/the-kingsway.html) 3. [City of Toronto, 2021 Neighbourhood Profiles (Kingsway South, 2021 Census)](https://ckan0.cf.opendata.inter.prod-toronto.ca/dataset/6e19a90f-971c-46b3-852c-0c48c436d1fc/resource/19d4a806-7385-4889-acf2-256f1e079060/download/nbhd_2021_census_profile_full_158model.xlsx) 4. [City of Toronto, Feature garden parks (James Gardens)](https://www.toronto.ca/explore-enjoy/parks-recreation/places-spaces/beaches-gardens-attractions/gardens-and-horticulture/public-gardens/feature-garden-parks/) 5. [City of Toronto, Trails](https://www.toronto.ca/trails) 6. [Wikipedia, The Kingsway, Toronto (boundaries)](https://en.wikipedia.org/wiki/The_Kingsway,_Toronto) ## Neighbouring Parts of Etobicoke [ Islington-City Centre West Post-war houses around Islington Village and Montgomery's Inn, and condo towers at Six Points by Kipling and Islington stations. See Islington-City Centre West ](/service-areas/islington-city-centre-west/)[ Humber Bay Shores The condo towers on Lake Shore Boulevard West's former motel strip, beside Humber Bay Park and the Waterfront Trail. See Humber Bay Shores ](/service-areas/humber-bay-shores/)[ Mimico An old railway village on the lake, with pre-war houses on its side streets, condos near the water and a GO station on the Lakeshore West line. See Mimico ](/service-areas/mimico/) --- Free reverse mortgage estimate (no sales pressure): https://reversemortgagebroker.ca/estimate/ 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. ReverseMortgageEtobicoke.ca is a website of Dominion Lending Centres Homestead Financial, not a separate brokerage. Richard Hopkins, Mortgage Broker, licence M16000896.