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.
Calculator
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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.