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Home Equity Calculator (HELOC)

Your equity is your home's value minus what you owe. The revolving part of a home equity line of credit (HELOC) can be at most 65% of your home's value.

Built on official Canadian sourcesUpdated 2026-11-12

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Your lender decides the value, usually with an appraisal.

Your home equity

$500,000

58.8% of the home's value

HELOC portion limit (65% of value)

$552,500

The revolving part of a HELOC can't exceed this; lenders set the overall limit.

HELOC rates are usually set as prime plus a margin. Prime rate: 4.70% (2026-11-11, Bank of Canada).

Borrowing against your home must pass the lender's stress test and debt-service checks.

Before borrowing against your home

A HELOC is secured by your home, and its rate usually moves with prime. You must qualify, including the stress test, and the lender can lower your limit or change terms.

Sources

Rules are summarized in our own words from official publications. Check the source and talk to your lender or a licensed professional before making a decision.

Informational only, not financial advice. Data as of the release snapshot generated 2026-11-12.