What Does Home Equity Mean?

When people talk about home equity, they are basically saying how much money they would have if they sold their home. This isn’t the total value of the house though – as unless you’d paid of the mortgage you wouldn’t walk away with the full amount.

Home equity is the difference between the price for which a home could be sold (market value) and the total debts registered against it. It is the amount of financial assets you’ve accumulated in your home by the above-mentioned calculation.

For the health and welfare of all customers and staff, our office is temporarily closed to the public. We are taking action to limit contact with the public, while still being there for you, our customers. New Home viewings are still available on an appointment only basis. All enquiries are to be made via our office phone voicemail system (902)835-8388 or by email:

If you have made an appointment with a home consultant, please confirm before coming in. Obviously, if you have been out of Nova Scotia and are in a self-isolation situation or have been in contact with someone who has recently been outside of Nova Scotia, please reschedule. If you have COVID-19 symptoms, please reschedule. We are closely monitoring the rapidly-evolving COVID-19 situation. We are committed to following the guidelines issued by all levels of Government.

Note: This information is current as of December 1st, 2020. As Governments continue to address the COVID-19 pandemic with additional responses, we will ensure our customers are kept informed.

Holler Box