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HELOC

A woman leans on a balcony railing at a condo

Ask a Planner

What’s better for buying a second home: HELOC or personal loan? 

A MoneySense reader wants to buy a second property, perhaps using the equity in her primary residence. What should...

What’s better for buying a second home: HELOC or personal loan? 
A hopeful-looking older woman on her living room sofa

Ask a Planner

Planning to use your home equity in retirement

Real estate equity is a big part of seniors’ net worth. Some Canadian retirees may want or need to...

Planning to use your home equity in retirement

Renovations

Planning a home renovation? What to know about financing options

Experts say Canadians are increasingly financing their home renovations. We break down some of the options for home owners....

Planning a home renovation? What to know about financing options
A Canadian woman at home, looking at her loan options online, including secured vs unsecured loans.

loans

Secured loans vs. unsecured personal loans: Which should Canadians get?

Before taking out a loan, learn the differences between these two types, which has better interest rates, and which...

Secured loans vs. unsecured personal loans: Which should Canadians get?

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The streetview of a white house with red trim and a white picket fence in the fall

Real Estate

How to use equity to buy a second home

We look at four common ways of financing the purchase of a second property using equity built up in...

How to use equity to buy a second home
A man and woman celebrate the purchase of their second home by dancing in the living room

Real Estate

Buying a second home: How it works in Canada

Here’s what home owners and investors should know about the rules, financing options and tax implications of buying a...

Buying a second home: How it works in Canada
Two women and a young girl laying cross them laugh while watching TV

Ask a Planner

Borrowing from your HELOC to invest in equities

You can use a HELOC for leveraged investing. But what happens if you sell your home and want to...

Borrowing from your HELOC to invest in equities

Columns

Using a HELOC as an investment strategy: not as taboo as you might think

Would leveraging the equity in a home to invest in dividend-paying investments lead to tax repercussions?

Using a HELOC as an investment strategy: not as taboo as you might think

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Bank of Canada governor Tiff Macklem discusses the Bank's latest interest rate decision

Banking

What the Bank of Canada’s first rate cut in 4 years means for your finances

What the Bank of Canada’s first rate cut in 4 years means for your finances

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