Could You Afford Your Own House Today?

Date Posted: October 8, 2025

 

 

 

 

It’s a question many homeowners are asking themselves — half-jokingly, half-seriously:

“If I had to buy my home today… could I even afford it?”

With home prices and interest rates rising in recent years, affordability has become a hot topic across Canada. But while buying might be harder for some today, current homeowners have a powerful advantage many forget to use: home equity.

At Mortgage Brokers Ottawa, we help people leverage the value they’ve built in their homes to reduce financial stress, invest in their future, and support the next generation.

 

 

🏠 What Is Home Equity — and Why Does It Matter?

Home equity is the difference between your home’s current market value and the balance left on your mortgage. With property values rising over the past decade, many homeowners have built up substantial equity — without even realizing it.

That equity can be used for:

• 🔁 Refinancing to lower your monthly payments

• 🧾 Consolidating high-interest debt

• 🏡 Helping your kids buy a home in today’s market

• 🛠️ Funding renovations or upgrades

• 🧘‍♀️ Creating financial breathing room during inflationary times

 

 

💸 Equity Can Be a Lifeline — If You Use It Strategically

You’ve already done the hard work of building equity. Now, it’s about using it wisely.

At Mortgage Brokers Ottawa, we help you:

• Review your current mortgage and financial goals

• Determine how much equity you can safely access

• Compare refinance, HELOC, or blended-rate options across multiple lenders

• Avoid common pitfalls like high penalties or overleveraging

 

 

🧠 Don’t Let Your Home’s Value Just Sit There

You might be sitting on tens (or hundreds) of thousands of dollars in potential — all while juggling debt, delaying plans, or watching your children struggle to get into the market.

Let’s explore what’s possible — without pressure or commitment.

 

 

💬 Your Mortgage Broker = Your Advocate

When you work with Mortgage Brokers Ottawa, you're not just getting a rate — you're getting a strategy, a sounding board, and someone who’s on your side.

📍Reach out for a free home equity review and let’s see how your home can work for you — now, not years from now.

And remember: our services are typically free to you. We’re paid by the lender, not by you.