In Alberta, homeowners can use a HELOC to fund the down payment or purchase of an investment property, as long as they meet lender qualification rules.

For many Alberta homeowners, especially in Calgary, Edmonton, Red Deer, Lethbridge, and Airdrie , home equity represents one of the most powerful financial tools available. Whether you are planning a renovation, consolidating debt, or investing in another property, the two main ways to access your home’s value are through a mortgage refinance  or a Home Equity Line of Credit (HELOC) . Aerial view of a Calgary neighborhood with homes and a small lake. Understanding how these