Recent News

OCTOBER 2011

Housing market should remain stable in 2012: BMO
Housing sales and prices should remain fairly steady into next year, as a slowing economy is balanced by low mortgage rates and relatively low unemployment, a report to be issued Friday by BMO Capital Markets suggests.

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SEPTEMBER 2011

Canadian housing market to remain steady in 2011 and 2012
Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation's (CMHC) Third Quarter Housing Market Outlook report.

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Current Rates
  • Term
  • Posted
    Rates
  • *Best
    Rates
  • 1 yr
  • 4.30%
  • 2.89%
  • 3 yr
  • 4.39%
  • 2.79%
  • 4 yr
  • 4.29%
  • 2.99%
  • 5 yr
  • 5.29%
  • 3.19%
  • 7 yr
  • 6.29%
  • 4.39%
  • 10 yr
  • 6.69%
  • 4.69%
*Rates are subject to change. See more.

Construction financing
is easy to find in the Toronto area


Renovate using construction financing and stay within budget

Building a new house or renovating an existing one is a big accomplishment in life. It helps build personal equity or adds value to your home. If you are in the Toronto area and building a new home or renovating your property, we can provide flexible construction financing alternatives.

Most banks do not understand the business of construction financing, as they want to avoid risky and complicated loans. We have the experience to provide timely construction financing on your schedule. Renovating or building a home is stressful enough, the last thing you need is a problem with financing.

With over 35 years of experience, our construction financing department will structure a deal that will help you complete your project on time and on budget.

Take out a mortgage loan to finance construction plans

Taking out a completely new loan for construction financing may be beyond your budget, which is why we offer mortgage loans to finance any renovation plans you have.

Mortgage loans are an easy way to get financing by using the equity you already have in your home to pay for home renovations with one low interest rate. We understand the complexity of mortgage loans and construction financing and can easily work out a payment system that will work within your budget plans.

Home renovation can be expensive enough, so why pay more on interest than you have to? Mortgage loans are a great way to keep the costs of construction financing down.