Transform Your Home With The Right Renovation Financing
Specialized mortgage solutions to fund your home upgrades, additions, or new construction projects. Get expert guidance and flexible financing options designed specifically for renovation and construction needs.
Why Choose Renovation Financing
Specialized solutions tailored to your renovation or construction project
Flexible Financing Options
Choose from customized renovation and construction financing solutions designed to meet the unique needs of your project. Enjoy the flexibility of drawing funds as needed, giving you full control over your budget.
Payment-Free Construction Loan
Stay focused on your construction or renovation project without the stress of making monthly payments during the building phase. Interest is only charged on the amount used, helping you manage your budget efficiently.
Trusted Mortgage Guidance
Our in-house construction and renovation lending department assists in navigating the complexities of financing, ensuring the best rates and terms are secured. Receive expert support tailored to your specific project needs.
Post-Construction Savings Plans
Upon project completion, I provide assistance to secure lower-interest mortgage options, offering significant savings over the long term. Access competitive rates tailored to maximize your financial stability.
Value-Adding Renovations
Finance strategic renovations that increase your property’s market value. Our experts can help identify high-ROI projects and provide financing solutions that enhance both your living space and long-term investment.
Green Home Renovation Incentives
Unlock special financing options and potential rebates for energy-efficient upgrades. I help you navigate government programs and incentives for sustainable renovations that reduce your environmental footprint and energy costs.
Renovation Financing Options in Canada
Whether you’re upgrading your kitchen, finishing a basement, or making your home more energy-efficient, there are several financing options available to support your renovation goals.
- Purchase Plus Improvements Mortgage – Roll renovation costs into your mortgage when buying a home
- Home Equity Line of Credit (HELOC) – Tap into your home’s equity for flexible borrowing
- Personal Loans or Lines of Credit – Unsecured options for smaller renovation projects
- Government Grants & Rebates – Incentives for energy-efficient and green upgrades
Helpful Renovation Financing Resources
CMHC Renovation Guide
Comprehensive information about home renovation financing options from the Canada Mortgage and Housing Corporation.
Learn moreswitch/refinance calculator
Estimate the costs of your renovation project and determine how much financing you’ll need with our interactive calculator.
Access calculatorSubstantial Renovations
Discover which renovation projects offer the best return on investment and how to maximize your property’s value.
View guideFrequently Asked Questions About Renovation Financing
Renovation and construction loans can finance a variety of projects, including home upgrades, major renovations, new home construction, property additions, and even laneway homes. These loans are suitable for both small and large-scale projects.
Eligibility typically depends on your credit score, income stability, current home equity (for certain loans), and the scope of your renovation project. The property’s current and projected value after renovation is also considered. I assess each situation individually to find the best financing solution.
The loan amount depends on several factors, including your credit profile, income, existing home equity, and the estimated value of your home after renovations. For major projects, you might be able to borrow up to 80-95% of your home’s post-renovation value, depending on the loan program.
The application process typically involves completing a mortgage application, providing financial documentation, submitting renovation plans and contractor estimates, and getting an appraisal of the expected post-renovation value. I guide you through each step to ensure a smooth process.
Yes, many homeowners choose to refinance into a traditional mortgage once renovations are complete. This can potentially lower your interest rate and convert your construction loan into a standard mortgage with consistent monthly payments. I’ll help you find the best post-renovation financing option.
Yes, there are several programs specifically designed to finance energy-efficient home improvements. These may offer better rates or terms for projects that reduce energy consumption. Additionally, government rebates and incentives may be available to offset costs for qualifying green renovations.