In Canada, you can typically access up to 80% of your home’s appraised value for a second mortgage, minus the balance remaining on your first mortgage.

Source: https://www.moneysense.ca/spend/real-estate/mortgage-rules-buying-a-second-property-in-canada/

Sure, a life without electricity might make you feel like a caveman—but when was the last time you heard about a caveman having to take out a second mortgage?

Source: https://www.newyorker.com/humor/daily-shouts/the-secret-to-wealth-is-giving-up-pointless-expenses-and-other-lessons-from-my-twenty-eight-dollar-book