Home Equity Calculator
Estimate your current home equity and how much you could potentially borrow through a HELOC or refinance under Canadian lending rules.
Canadian regulators cap a standalone HELOC at 65% of your home's value, and the combined HELOC + mortgage at 80%. Your effective borrowing room is the lower of the two.
Home equity
$500,000
55.6% of your home is paid off.
Borrowing room
Lenders apply their own qualification on top of these regulatory caps (income, credit, stress test). Actual approval may be lower.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.