Let us help you build your dream home!

Building a new home can be very exciting, but smart decisions are needed when it comes to construction mortgages in Toronto. Construction financing, also known as construction loans, is a short-term arrangement for financing any real estate projects. The owner will take out a loan to cover all related costs of a project before a more permanent source of funding becomes available. Interest rates are generally higher because construction loans in Toronto are more risky.

Associated costs with construction financing:

  • Land value
  • Hard costs
  • Soft costs
  • Contingency reserve
  • Allowances
  • Total costs
  • Lot equity

Get financing for construction when you: take on a single home construction project, develop a subdivision or a high-rise, finance business development, or fund conversion projects! To know more about construction mortgages in Canada, contact Faizal Garasia today!