The Canadian Home Renovation Plan has been designed for purchasers that would like to purchase a home, while immediately renovating.
This program is suited to help qualified borrowers make their new home just right for them, with tailored improvements, immediately after taking possession of the purchased property. The purchase price and the improvement costs are combined into one mortgage giving the purchaser access to funds in order to complete the renovations. All this can be done with one manageable mortgage and with as little as 5% down payment. Maximum improvements must be <20% of the as-improved market value with a cap of $40,000.
Let us help you navigate through the process of making your new home your Dream Home!