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Featured 2026.02.26

Construction Financing for Apartments in Canada .

Finance apartment construction in Canada with CMHC ACLP or conventional lenders. Loan stages, draw schedules, LTV requirements, and pro forma templates.

Apartment construction financing: CMHC ACLP offers up to 100% LTC at below-conventional rates (post-Nov 2024 reforms; $55B program), conventional lenders 65-75% LTC at Prime+1.5-2.5%. Requires 0-35% equity, quantity surveyor, and 5+ units. Draw schedule every 30 days. Timeline 18-36 months. Budget $5-10M+ for projects. Automatic takeout to permanent financing.

Portrait of Scott Dillingham
Scott Dillingham
Mortgage & Financing

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