Many Canadians who have owned a home for 10+ years have seen the value of their home rise at the same time that they have been chipping away at their mortgage. The result of this is many Canadians who may be cash poor, but equity rich.
One mistake many make is that because they don't have cash to invest in real estate (especially after recent changes in Canada upping the minimum down payment for a rental to 20%), they won't be able to purchase property. However, if you own a home with reasonable equity in it you may be surprised to find out that you can purchase real estate, you just need to utilize the power of leverage better.
So how do you do that?
We can help unlock your equity.