What You Need To Know About Home Equity Lines of Credit in Canada

The Home Equity Line of Credit (HELOC)...what is it? How can it be used? And is it a financially prudent tool to consider?

In this month’s Surrey Report, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty provides his insight and opinion on HELOCs including the various advantages and potential risks associated with having access to a HELOC. As with every Surrey Report, the team also breaks down the March 2022 benchmark stats for the City of Surrey.

Benchmark Prices: (Surrey Combined)
Detached = $1,851,600 (+38.5%)
Townhomes = $935,200 (+43.4%)
Condos = $580,200 (+36.1%)

For the complete stats package, please visit

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If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales in Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.

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