OakvilleReverseMortgage.ca has gathered the fall 2026 dates that matter most to Oakville seniors who own their home. Each date comes from the Town of Oakville, Halton Region, the Province of Ontario or the Bank of Canada, and each one names its source below.
The dates at a glance
| Date | What happens | Who it’s for |
|---|---|---|
| June 25 and September 25, 2026 (passed) | Final 2026 property tax instalments due | Every Oakville owner |
| September 30, 2026 (passed) | Halton older adults deferral intake closed | Owners 65 and older |
| October 26, 2026 | Municipal election | Every eligible voter |
| October 28, 2026 | Bank of Canada rate decision | Everyone |
| October 31, 2026 | Senior’s Property Tax Rebate deadline | Owners 65 and older receiving GIS |
| December 9, 2026 | Bank of Canada rate decision | Everyone |
| End of February 2027 | Compassionate tax appeal for 2026 | Owners facing sickness or extreme poverty |
| Spring 2027 | Halton deferral form; Ontario property tax grant claim | Owners 64 or 65 and older |
October 26: Oakville’s municipal election
Oakville votes on Monday, October 26, 2026, according to the Town of Oakville elections page. Voters elect a mayor, seven Town and Regional Councillors and seven Town Councillors, two for each of the seven wards (Town of Oakville, offices to be elected, 2026).
October 31: the Town’s $500 Senior’s Property Tax Rebate
The Town of Oakville pays a $500 rebate for 2026 to owners 65 and older who receive the monthly Guaranteed Income Supplement (GIS), according to the Town’s 2026 rebate application form. You need no property tax owing as of October 1, and you apply every year, by October 31, 2026.
Proof of GIS is your 2025 T4(OAS) slip (box 21) or your GIS entitlement letter. You can take part in only one program, the rebate or a deferral, according to the Town’s Tax Rebates and Assistance page (2026).
October 28 and December 9: Bank of Canada decision dates
The Bank of Canada has scheduled interest rate announcements on October 28 and December 9, 2026, according to its upcoming events page (checked October 2026). These are decision dates only, and nothing here forecasts the result.
Reverse mortgage rates are set by each lender. Advertised five-year fixed rates were 6.23% to 6.94%, advertised by the lenders and checked October 2, 2026.
Passed: the final 2026 tax instalments
Oakville’s final 2026 instalments were due June 25 and September 25, according to the Town’s tax due dates page (2026). Late amounts collect interest of 1.25% a month (15% a year), charged on the first day of each month the tax stays unpaid. The Town can’t waive that interest.
Spring 2027: Halton’s older adults tax deferral
Halton’s 2026 intake closed September 30, 2026, and Halton says a new application form comes in spring 2027 (Halton Region program page, checked October 15, 2026). The deferral postpones the whole year’s property tax, interest-free to you.
Every owner on title must be 65 or older by December 31 of the application year, under Halton By-law 20-16 as amended in April 2026. At least one owner must have owned and lived in the home for four years, and combined family income must be $69,500 or less.
There is no application fee since Halton By-law 22-26 of April 2026. The deferred tax becomes a lien on the home and is due when the home is sold or transferred.
End of February 2027: a compassionate appeal for 2026
An owner facing sickness or extreme poverty can appeal 2026 property tax to the Assessment Review Board by the end of February 2027, according to the Town’s Tax Rebates and Assistance page (2026).
Spring 2027: Ontario’s Senior Homeowners’ Property Tax Grant
The province returns up to $500 a year to owners aged 64 and up who live in their home and paid Ontario property tax (ontario.ca, updated January 2026). You claim it on the ON-BEN form with your 2026 tax return in spring 2027, and it’s never repaid.
A single person gets the full $500 with income of $35,000 or less, and nothing at $50,000 or more. A couple gets the full amount at $45,000 or less, and nothing at $60,000 or more.
Why fall is a sensible time to look at a reverse mortgage
A reverse mortgage has no required monthly mortgage payments, which can ease a budget stretched by the tax bill or winter costs. Property taxes, home insurance and upkeep stay yours. More detail on local relief is in Oakville property tax help for seniors.
Halton’s deferral and a reverse mortgage can’t be combined; it’s one route or the other. Halton’s deferral needs income of $69,500 or less and doesn’t open again until spring 2027.
The money from a reverse mortgage is a loan, not income, so it doesn’t affect OAS or GIS. Interest earned on money left in savings does count as income.
The process has seven steps and usually takes a few weeks, shown in an Oakville reverse mortgage from start to finish. The one-time fees are in what a reverse mortgage costs in Oakville, and the Oakville reverse mortgage calculator lets you try your own numbers.
Nothing has to happen by any date. Richard Hopkins, Mortgage Broker, compares every reverse mortgage lender in Canada, at no cost to you, by email, phone and video call. Your family can be copied on every email.