“If the Canadian government gets nervous about the number of outstanding home equity lines of credit as well as the increasing balances on these HELOC’s, there is a strong possibility that they may further tighten qualifications or guidelines for lines of credit. Already we have seen the government attack equity mortgages and lines of credit this year, so if you are looking to access the equity in your home via a home equity line of credit, you may want to act sooner rather than later.” – Kyle Green

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