You do not want to lose a job and find yourself in need of the access then. One example could be people who bought places awhile ago like i mentioned but they can’t sell and take the profit (where would they live? they can’t afford the next place) so they take advantage of the housing gain by extracting value via an equity loan. Joffre lakes consists of a hike to lakes and is located north of pemberton up the duffey lake road. You’d have to borrow a lot or see a massive price correction. I said nothing about immigrants, and i hope it’s abundantly obvious that casual racism in the post you linked to was sarcasm. You can’t turn on a television or radio in this town without an endless string of ads for home equity loan companies. For me that would be 5 years which gives you an awful lot of breathing room should you need it.
If you’re borrowing against value in your home, why not use a proper bank? Unless i borrow against it, the bubble bursts, and my house is worth less than the combined mortgages. King of england from.