A senior who bought decades ago in an older part of the city typically carries far more equity than one who bought recently in a newer area like Brighton, simply from years of principal paydown and appreciation, but the exact figure is unique to each file.
What can be modelled is the net proceeds side: seller closing costs generally run 4 to 6 percent of the sale price once commission, legal fees and adjustments are counted, and with Saskatoon at 1.63 months of supply, timing a sale against a next purchase is usually workable in the same window.
A hand-reviewed valuation is what turns an unknown equity position into a real number to plan a move around. Get your hand-reviewed valuation from Joel Dyck.