How do I calculate home equity?

Subtract your mortgage balance from your home's current market value. The result is your equity.

How can I use home equity?

You can borrow against equity with a HELOC or refinance for renovations, debt consolidation, or investments — though it adds debt secured by your home.

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Home Equity Calculator

How much equity you've built.

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Home value (CAD) ($)Mortgage balance (CAD) ($)

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How to use this calculator

Enter your home's current value.
Enter your mortgage balance.
See your equity and ownership percentage.

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Frequently asked questions

How do I calculate home equity?: Subtract your mortgage balance from your home's current market value. The result is your equity.
How can I use home equity?: You can borrow against equity with a HELOC or refinance for renovations, debt consolidation, or investments — though it adds debt secured by your home.