Purchase-Plus Improvements Program
BC Housing Secondary Suite Incentive Program
BC Housing Secondary Suite Incentive Program
CMHC's purchase-plus program is a decades-old feature that allows insured homebuyers to add the future cost of renovations to their initial mortgage & purchase. Upfront quotes are required to determine scope of work.
BC Housing Secondary Suite Incentive Program
BC Housing Secondary Suite Incentive Program
BC Housing Secondary Suite Incentive Program
Structured as a 5 year forgivable loan for homeowners willing to add affordable housing units to their home. Those who qualify can receive up to 50% of the cost of renovations (to a maximum of $40,000).
Insured Secondary Suite Refinancing
BC Housing Secondary Suite Incentive Program
Home Renovation Tax Credits and Grants
Now LIVE, this program is intended for larger suite renovations and detached builds of up to 4 units. As currently structured the total market value (including the improvements) cannot exceed $2,000,000.
Home Renovation Tax Credits and Grants
Home Renovation Tax Credits and Grants
Home Renovation Tax Credits and Grants
In recent years all levels of government have incentivized suite creation through various tax credits, grants and rebates. We try to stay on top of the benefits so you don't have to.
Secondary Suite Loan Program
Home Renovation Tax Credits and Grants
Choosing a Contractor & Designer
This soon-to-be lending program promises low-cost loans of up to $80,000 for the purposes of building (or renovating) a secondary suite within a home. The early guidance describes a 15 year repayment period and an interest rate capped at 2%. More details to come.
Choosing a Contractor & Designer
Home Renovation Tax Credits and Grants
Choosing a Contractor & Designer
Reno and build projects require strong partners. Depending on your project and financing requirements, different professionals may be required. Learn more about our trusted service providers.