Suite & renovation Financing hub
Secondary Suite Loan Program
BC Housing Secondary Suite Incentive Program
BC Housing Secondary Suite Incentive Program
Starting on January 15th, 2025, CMHC will be approving 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.
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).
CMHC Secondary Suite Refinancing
BC Housing Secondary Suite Incentive Program
Home Renovation Tax Credits and Grants
Although the final details have yet to be rolled out, the federal government has promised a new homeowner refinance program for larger suite renovations and detached builds of up to 4 units starting in January of 2025. As currently introduced 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.
Purchase-Plus Improvements Program
Home Renovation Tax Credits and Grants
Purchase-Plus Improvements 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.
Industry Partners
Home Renovation Tax Credits and Grants
Purchase-Plus Improvements Program
Comprehensive reno and build projects require strong industry partners. Over the years we've compiled a rolodex of trusted service providers for our clients to partner with.