Renovate now, pay at mortgage rates
The average Canadian renovation costs $30,000–$75,000. Why pay 8–12% on a personal loan when you can finance at 4–5% through your mortgage?
Get renovation financing →75–100%
Kitchen ROI
60–80%
Bathroom ROI
$63K
Avg reno spend
4–5%
Mortgage rate vs 12% loan
Why finance renovations through your mortgage?
The math is simple
A $50,000 renovation on a personal loan at 10% costs you $5,000/year in interest. The same amount added to your mortgage at 4.5% costs just $2,250/year - saving you $2,750 annually.
Over a 5-year term, that's $13,750 in savings - money you can put toward finishing the basement or upgrading appliances.
If you're buying a home that needs work, consider a Purchase Plus Improvement program. Already own? An equity takeout or HELOC may be the best route. Use our calculators to compare.
Renovations that increase home value often pay for themselves
Interest rates 3-4x lower than personal loans or credit cards
Increase your living space without the cost of moving
Finance up to 80% of your post-renovation home value
Renovations with the highest ROI in Canada
Kitchen remodel
ROI: 75–100%
Typical cost: $25,000–$75,000
Focus on layout, countertops, and appliances for maximum return.
Bathroom addition
ROI: 60–80%
Typical cost: $15,000–$40,000
Adding a bathroom to a single-bath home is one of the highest-value upgrades.
Basement finishing
ROI: 50–75%
Typical cost: $30,000–$60,000
Adds usable square footage at a fraction of the cost of building an addition.
Ready to transform your home?
Tell us about your renovation plans and we'll find the best financing option.
Get a free quote →