Home Renovation Loans in Ontario
Finance your dream renovation with your home equity. From kitchen remodels to basement suites, get the funds you need at rates far below credit cards.
Renovations That Pay for Themselves
Strategic home renovations aren't just about comfort—they're investments that increase your home's value. Using low-interest home equity to fund renovations with high ROI is one of the smartest financial moves homeowners can make.
Unlike credit cards at 20%+ interest, home equity financing at 6-9% keeps more money in your pocket while you build lasting value in your property.
Example:A $50,000 kitchen renovation financed at 7% over 10 years costs about $580/month—and could add $40,000+ to your home's value immediately.
Popular Renovations & Expected ROI
Why Finance Renovations with Home Equity?
Smart homeowners use their home's value to create even more value.
Increase Home Value
Strategic renovations can return 50-100%+ of your investment when you sell, building real wealth.
Finance 100% of Costs
Cover materials, labor, permits, and even a contingency fund. No need to dip into savings.
Start Sooner
Don't wait years to save up. Access funds now and enjoy your improved home immediately.
Lower Rates Than Credit
Home equity rates beat credit cards and personal loans, saving thousands over the project.
From Idea to Renovation in Four Steps
Get Pre-Approved
Know your budget before getting contractor quotes. We'll assess your equity and borrowing power.
Plan Your Project
With funds secured, finalize designs and get contractor bids with confidence.
Access Funds
Draw funds as needed during the project, or take a lump sum—your choice.
Enjoy & Build Value
Complete your renovation knowing you've invested in your home's future value.
Home Renovation Loan FAQs
How much can I borrow for home renovations?
You can typically borrow up to 80% of your home's current value minus your mortgage balance. For major renovations that will increase home value, some lenders will consider the after-renovation value.
HELOC vs. home equity loan for renovations—which is better?
For ongoing projects with variable costs, a HELOC's flexible draw feature works well. For fixed-budget projects, a home equity loan's lump sum and fixed payments provide certainty. We'll help you choose.
Can I get renovation financing with limited equity?
Yes. If you have at least 20% equity, we have options. For newer homeowners with less equity, we can explore renovation-specific mortgage products that factor in post-renovation value.
How fast can I get funds for my renovation?
HELOCs can be set up in 2-4 weeks. Private lending options can fund in as little as 5-7 days for time-sensitive projects.
Get Pre-Approved for Renovation Financing
Know your budget before you start planning. Get pre-approved and shop for contractors with confidence.
- HELOC and home equity loan options
- Flexible draw schedules available
- Fast approval for time-sensitive projects
Request Your Free Consultation
Share a few details about your situation and our team will reach out within one business day. No obligation, no pressure — just expert advice tailored to your needs.
Speak with a Professor
Schedule a complimentary 30-minute consultation with our team. We'll review your situation, walk you through the options, and outline a path forward — no obligation.
Or call 647-955-9400
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