How much of your wealth
is your home?
Your equity, your HELOC and refinance room under OSFI's 65% and 80% ceilings, and — the number most calculators skip — your home's share of your whole net worth, against the Statistics Canada benchmark. Free, no signup.
Read the full answer — method, rates and figures
Quick answer: Your home equity: $350,000 ($700,000 value − $350,000 owing; loan-to-value 50%). Borrowing room under OSFI's B-20 ceilings: $210,000 as a HELOC (65% LTV cap) and $210,000 by refinancing (80% LTV cap).
Your total net worth is $540,000, of which the home is 65% — nationally, home equity is 34.5% of Canadian family net worth (derived from Statistics Canada SFS 2023 totals), so your wealth is notably concentrated in one property. General information, not financial advice.
Home equity
$350,000
Loan-to-value
50%
HELOC room (65% cap)
$210,000
Share of net worth
65%
Your net worth is $540,000, and your home is 65% of it — against a national benchmark of 34.5% of Canadian family net worth in home equity (Statistics Canada SFS 2023, derived from published totals). Refinance room under the 80% ceiling: $210,000. Your wealth is concentrated in one property — normal early in a mortgage; the usual answer is building RRSP, TFSA and pension balances alongside it, not selling.
Written by Morgan, Richify's AI Mortgage Monitor — an AI author, presented as one · our editorial standards
Last reviewed 3 September 2026 by the Richify AI editorial team.
This is the textbook answer. Want to see this calculated against your actual accounts?
Connect them to Richify →Your home + RRSP + TFSA — one number, kept live
Richify puts your property and its mortgage next to your RRSP, TFSA, pension and savings, revalues as the market moves, and shows your equity — and its share of your wealth — trending over time. Free, no bank linking.
Track my home equity — FreeHow it works
Equity is simply value minus debt: what you would bank if you sold today and repaid the loan. This calculator adds two lenses most equity tools skip. First, borrowing room under the two OSFI Guideline B-20 ceilings — a HELOC at no more than 65% of value, and total uninsured secured lending (mortgage plus HELOC, or a refinance) at no more than 80% of value. Second, the share of your whole net worth the home represents, against the Canadian benchmark of 34.5% (Statistics Canada SFS 2023, derived from published totals) — because a home that is your net worth is a different financial position from one that anchors it.
Honest limits: your market value is an estimate until an appraiser or a buyer says otherwise; the ceilings are regulatory maximums, and a lender may offer less; borrowing room ignores serviceability, so the mortgage stress test still gates any new loan; and selling costs and, for a property that is not your principal residence, capital gains tax would reduce realised equity.
How much of Canadian net worth is home equity, by age?
Across all Canadian family units, home equity is 34.5% of net worth and the principal residence is 38.2% of total assets — the largest single item, ahead of RRSPs, TFSAs and pensions. 65% of family units own, 36% carry a mortgage, so about 29% own outright. The shares below are aggregates over owners and renters together (derived from published totals); the ownership rates and medians are published as-is.
| Age (major earner) | Own | With mortgage | Median home (owners) | Median mortgage | Home equity ÷ net worth |
|---|---|---|---|---|---|
| Under 35 | 44% | 36% | $460,000 | $225,000 | 37.0% |
| 35–44 | 63% | 56% | $550,000 | $231,000 | 36.1% |
| 45–54 | 73% | 55% | $550,000 | $200,000 | 34.9% |
| 55–64 | 72% | 34% | $550,000 | $160,000 | 32.8% |
| 65+ | 70% | 14% | $500,000 | $100,000 | 34.2% |
| All ages | 65% | 36% | $500,000 | $200,000 | 34.5% |
Statistics Canada, Survey of Financial Security 2023, Table 11-10-0016-01 (released 2024-10-29; verified 2026-09-03). Medians are for family units holding the item, 2023 dollars. "Home equity ÷ net worth" = (total principal-residence value − total mortgage on it) ÷ total net worth, derived from published totals.
What to do with your own number: early mortgage years, 70–80%+ concentration is normal — the fix is time and contributions elsewhere, not panic. From mid-career, watching the share fall as RRSP, TFSA and pension balances grow is the healthiest trajectory most households can have. If the share is rising in your 50s, that is usually the market revaluing your house, not a plan. See how the rest of your position compares on the net worth by age page, and how large the with-home versus without-home gap is on the investable assets by age page.
HELOC and refinance room: the 65% and 80% rules, worked
| Home value | Owing | Equity | Refinance room (80%) | HELOC room (65% cap) |
|---|---|---|---|---|
| $500,000 | $300,000 | $200,000 | $100,000 | $100,000 |
| $700,000 | $350,000 | $350,000 | $210,000 | $210,000 |
| $1,000,000 | $250,000 | $750,000 | $550,000 | $550,000 |
| $1,000,000 | $100,000 | $900,000 | $700,000 | $650,000 |
Refinance room = 80% × value − owing. HELOC room = the lower of 65% × value and the refinance room — in the last row the 65% cap binds, not the 80% one. Both are OSFI Guideline B-20 ceilings for federally regulated lenders; the mortgage stress test still gates the loan. Run the numbers on a new loan with the mortgage calculator, and the break-even on a refinance with the refinance calculator.
How to use this calculator
- Enter your home's current market value — recent comparable sales beat the purchase price.
- Enter everything still owing on the home (mortgage balance plus any HELOC drawn).
- Add your other assets (RRSP, TFSA, pensions, savings, investments) and other debts, so the calculator can show your home's share of your whole net worth.
- Read off: your equity, your loan-to-value, your HELOC and refinance room under OSFI's 65% and 80% ceilings, and how concentrated your wealth is in the home.
❓ Frequently Asked Questions
How do I calculate my home equity?
Home equity = your home's current market value minus everything still owing on it (mortgage plus any HELOC balance). A home worth $700,000 with $350,000 owing has $350,000 of equity — 50% of the home's value, a loan-to-value (LTV) of 50%.
Use a realistic market value (recent comparable sales or a lender's appraisal, not the hopeful number): equity moves with the market even when your balance does not, which is why it can grow fast in a rising market and shrink without you spending a cent.
What share of my net worth should my home be?
There is no "should", but the Canadian benchmark is useful: across all family units, home equity is 34.5% of net worth and the principal residence is 38.2% of total assets (derived from Statistics Canada SFS 2023 totals). Under 35 the equity share is 37.0%; at 55–64 it is 32.8%.
Those are aggregates over owners and renters together, so an individual owner early in a mortgage at 70–80% concentration is normal — the fix is time and RRSP/TFSA contributions alongside the house, not selling it. This calculator shows your exact share so you can watch it trend.
How much can I borrow against my home in Canada (HELOC or refinance)?
Two regulatory ceilings apply to federally regulated lenders under OSFI Guideline B-20. A home equity line of credit (HELOC) is capped at 65% of the home's value; any borrowing above that must be an amortizing loan.
And total uninsured lending secured on the home — mortgage plus HELOC, or a refinance — is capped at 80% loan-to-value. So HELOC room is the lower of 65% of value and (80% of value minus what you owe); refinance room is 80% of value minus what you owe.
A $700,000 home with $350,000 owing: 80% × $700,000 = $560,000, minus $350,000 = $210,000 of room. Lenders may set lower limits and the mortgage stress test still applies.
How many Canadians own their home, and how many still have a mortgage?
In Statistics Canada's SFS 2023, 65% of family units own their principal residence and 36% carry a mortgage on it, so roughly 29% own outright. Age changes everything: under 35, 44% own and 36% have a mortgage (almost every young owner is still paying); at 65 and over, 70% own and only 14% still have a mortgage.
The median owner's home is worth $500,000 and the median mortgage, among those who have one, is $200,000.
Should I count my home in my net worth at all?
Yes — net worth by definition includes it: Statistics Canada's Survey of Financial Security, the source behind our net-worth-by-age pages, counts the principal residence at market value less the mortgage. The honest nuance is that home equity is wealth you live in — you cannot spend it without selling, downsizing or borrowing against it.
That is why it is worth tracking both numbers: total net worth (with the home) for the true picture, and investable net worth (without it) for retirement-income planning. Our investable-assets-by-age page shows how large that gap is for Canadians at every age.
Is Richify free, and does it track property?
Yes — Richify is free on iOS and Android, and property is one of its strongest features: add your home (or several properties, in any country or currency) with its mortgage, and it sits next to your RRSP, TFSA, pension and savings in one net-worth number. Revalue it as the market moves and watch your equity — and its share of your wealth — trend over time.
No bank linking required.
More Free Financial Calculators
Mortgage Calculator
Estimate monthly repayments, interest, and amortisation.
🔄Refinance Calculator
See how much you could save by switching lenders.
📈Compound Interest Calculator
Visualise how your savings grow over time.
💰Net Worth Calculator
Track your assets minus liabilities in one place.
🔥FIRE Calculator
Find out when you can reach financial independence.
💱Currency Converter
Convert between currencies with live exchange rates.
Further Reading
Your home + RRSP + TFSA — one number, kept live
Richify puts your property and its mortgage next to your RRSP, TFSA, pension and savings, revalues as the market moves, and shows your equity — and its share of your wealth — trending over time. Free, no bank linking.
Track my home equity — Free