Latest Articles L a t e s t A r t i c l e s

Purchase Plus Improvements mortgage: roll renovation costs into your mortgage based on the home's "as-improved" value. Improvements up to 10% of as-improved value can fund as a single advance with CMHC; above that (or with Canada Guaranty/Sagen, up to 20% or $40K), funds release as staged progress draws tied to inspections. Requires contractor quotes. Get an appraisal showing after-repair value and budget a contingency for unexpected costs.