How can I use home equity to buy another home in Canada?

You can use home equity to buy another home in Canada by taking out a home equity loan or a home equity line of credit (HELOC) on your current property. This allows you to borrow against the value of your home to use as a down payment on a new home. Keep in mind that you will need to meet certain criteria and have enough equity in your current home to qualify for this type of loan.