Until recently, rising home values have increased wealth and had been a source of liquidity for borrowers which enabled consumers to spend out of savings. (starloanservices.com)
Property values have increased in most parts of the country, boosting the amount of equity homeowners hold. (interest.com)
In the last year prices appreciated 11 % and in the last five years property values have gone up 18 %. (moneysense.ca)