MCAP Blog

As home prices continue to climb and home equity increases across the country, you may have considered if a Home Equity Line of Credit (HELOC) is right for you. A HELOC is a revolving line of credit that is secured against the equity in your home. In Canada, there are approximately 3 million HELOC accounts with an average outstanding balance of $70,000. Before applying for a HELOC, here are some things to help you determine if it’s the right choice for your financial situation and goals.

For many homeowners, paying off their mortgage is one of their biggest financial goals. It’s a great accomplishment to strive for and with the right knowledge, tools and financial discipline, it’s definitely achievable.

As we prepare for another year of MyHome Sweepstakes, we’re excited to share the great prizes we have in store for our homeowners in 2025. Lucky MCAP homeowners will have the chance to win the highest individual prizes in MyHome Sweepstakes history!

For the Canadian homeowner, winter is an inevitable reality. Whether you view the white fluffy stuff as a friend or foe, it’s important to make sure your home is prepared for whatever the season may bring. Not only will proper winter home maintenance ensure your home is a comfortable space for you and your family throughout the winter months, it’s also a good way to maintain the value of your home too.

November is Financial Literacy Month in Canada. Finances impact many areas of everyday life, from the mundane aspects like day-to-day spending habits to more impactful things like mental health. By improving your financial literacy, you can make a significant impact on your financial outlook and improve your quality of life. Here are some tips for homeowners (or homeowners-to-be) that can help you if you’re looking to amp up your financial acumen.