Eq­uity

Calgary Herald - Calgary Herald New Condos - - Recreation & Investment Properties -

The dif­fer­ence be­tween the price for which a home could be sold and the to­tal debts reg­is­tered against it. Eq­uity usu­ally in­creases as the out­stand­ing prin­ci­pal of the mort­gage is re­duced through reg­u­lar pay­ments. Mar­ket val­ues and im­prove­ments to the prop­erty also af­fect eq­uity.

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