Home Equity Extraction and Household Spending in Canada Household spending (left scale) Annual growth in household spending House prices (right scale) Annual growth in house prices HELOCs Home equity line of credit (HELOC), $billions Mortgage refinancing Mortgage refinancing, $billions Number of extractors (left scale) Number of extractors, thousands Median amount extracted (right scale) Median amount extracted, $thousands Number of extractors (left scale) Number of extractors, thousands Median amount extracted (right scale) Median amount extracted, $thousands Alberta and Saskatchewan Number of equity extractors (2013=100) British Columbia Number of equity extractors (2013=100) Ontario Number of equity extractors (2013=100) Quebec Number of equity extractors (2013=100) Rest of Canada Number of equity extractors (2013=100) Renovations Consumption of durables and semi-durables 4.2414.18 4.6813.17 1.873.41 -0.57-3.51 4.367.36 2.213.25 2.423.95 2.262.9739.426.5285.248.71932.310.8100.000100.000100.000100.000100.0000.00.0 2.595.6443.326.5283.447.02031.911.0109.63189.70392.304111.85499.7131.90.4 2.455.6944.838.1352.953.21985.211.5157.368132.758128.254110.438119.9318.51.6 2.3312.0046.640.2352.455.91971.511.8139.218152.189135.344103.535112.47010.31.9 3.5113.5748.740.3329.961.31981.912.0118.262144.525135.43484.501105.96510.82.0 1.752.7846.037.1296.062.81894.112.0100.908132.472119.68680.15294.8157.41.5