Purchase + Improvement

Buy now, renovate immediately

The Purchase Plus Improvements program lets you roll the cost of planned renovations into your mortgage at time of purchase. This means you can buy a home that needs work and get the funds to fix it up — without needing a separate loan or line of credit.

• Finance purchase price and renovation costs in a single mortgage
• Available for properties needing cosmetic or structural improvements
• Renovation funds held in trust and released upon completion
• Insured options available (as little as 5% down)
• Appraisal based on 'as-improved' value — borrow more, sooner
• Eligible renovations include kitchens, bathrooms, roofing, windows and more