Purchase Plus Improvements
Buy the fixer- upper. Finance
the dream.
Roll up to $40,000 of renovations directly into your mortgage at the lowest rates — kitchens, basements, roofs, windows, and more.
Why this matters
The Purchase Plus Improvements program lets you finance both the home and its renovations in a single mortgage at mortgage rates not credit card or HELOC rates. Perfect for tired listings, estate sales, and homes with great bones in great neighbourhoods.
Free 15-minute strategy call
No credit pull. No pressure. Just a clear answer to "what's actually possible for me?"
- What you get
Built around your numbers.
Up to $40,000 in renos
Financed at your mortgage rate (often 5–6%) instead of credit card or line-of-credit rates (10–22%).
Improvement-based appraisal
Lenders appraise the home as if the renos were already done, boosting your borrowing power.
5% down still works
Eligible on insured purchases no need for a 20% down payment.
Wide eligibility
Kitchens, bathrooms, roofs, flooring, windows, basement finishing, structural most permanent improvements qualify.
- How it works
A calm, four-step path forward.
01
Identify the property
02
Get contractor quotes
03
Approval & purchase
04
Reno & release
- Purchase Plus Improvements
Get your reno-ready approval
- Common questions
Real answers,
no fine print.
Don’t see your question?
- Ask us directly.
No, but contractors must be licensed and insured. DIY work generally doesn't qualify for reimbursement.
After the work is complete and an inspector verifies. You front the cost (or contractor invoices) and get reimbursed.
Cosmetic-only items like furniture, decor, or appliances generally don't. Permanent structural and mechanical improvements do.
Ready to know your true number?
Fast. Free. No credit pull required.