Home Equity Stats
According to the fine CMHC:
Less that 10% of Canadians have less than 10% equity in their property.
12% of Canadians have 10-24.9% equity in their property
.79% of Canadians have greater than 25% equity in their property (in fact about 40% are paid in full).
This is why Canada is doing better than other nations. Controlling your debt is the key!!!! Always has been, always will be.