Finance Your Reno
Before You Move In
Purchase + renovation financing in one mortgage. Lock in the as-improved value and access funds as work is completed — no second mortgage, no high-interest credit lines.
95%
Of as-improved value
$0
Second mortgage needed
6 mo
Typical reno timeline
30+
Lenders compared
Renovation Mortgages
Turn a fixer-upper into your dream home — with one mortgage
The Purchase Plus Improvements (PPI) mortgage lets you roll renovation costs into your purchase mortgage based on the estimated as-improved value of the home. Instead of buying a property and scrambling to fund a renovation separately, everything is wrapped into one low-rate mortgage from day one.
Purchase Plus Improvements
Buy a home needing work and finance the renovation cost into your mortgage — up to 95% of the as-improved appraised value.
Draw Schedule Funding
Renovation funds are released in draws as work is completed and inspected. You don't pay interest on undrawn funds.
Equity From Day One
Buy below market, renovate to market value — you're building equity immediately through the improvement premium.
HELOC for Existing Owners
Already own your home? A HELOC lets you access up to 80% of your equity to fund renovations at your own pace.
Refinance + Renovate
Refinance your current mortgage and roll in a renovation budget. Access equity you've built and improve the property simultaneously.
CMHC Energy Efficiency
Green renovations (insulation, HVAC, solar) may qualify for CMHC's Green Home Rebate — up to 25% premium refund.
How renovation financing works
Simple, transparent, and built around you.
Get renovation quotes
Gather contractor quotes for the planned work. We help you understand which improvements qualify and maximize value.
1–2 weeksAs-improved appraisal
An appraiser estimates what the home will be worth once renovations are complete. This determines your maximum mortgage.
3–5 daysMortgage approval
Lender approves based on as-improved value. Renovation funds sit in trust until work is completed in stages.
1–2 weeksRenovate & draw funds
Work begins. Funds released per the draw schedule as each phase passes inspection. Final draw on completion.
4–8 weeksCommon questions
Transform your home — without draining your savings
Roll renovation costs into your mortgage and build equity from day one. Free consultation with our renovation mortgage specialists.