Construction Mortgage across Ontario
Construction lending is about the land, budget, permits, draw schedule, builder quality, and exit. We organize the project story before it reaches a lender.
You are building, renovating heavily, or need draws tied to project progress.
Licensed broker review with no hard credit check at the first-pass stage.
Built for construction files across Ontario
This page is focused on Toronto, Mississauga, Brampton, Vaughan, Kitchener-Waterloo, Durham. The first review is designed to separate lower-cost institutional options from files that need alternative or private packaging.
Custom home build, teardown, major renovation, or infill project
Land owned already or purchase plus construction plan
Need staged advances instead of one lump-sum mortgage
How we route the file
A good mortgage file can still land with the wrong lender if the story is unclear. We organize the important facts before shopping it around.
Local context
Ontario files vary widely by property type, borrower profile, and lender appetite. The goal is to identify the lender lane before the application becomes noisy.
Review land value, budget, permits, plans, and expected completed value
Map draw timing against builder invoices and inspection milestones
Separate owner-occupied, spec, and investor construction risk
Suitability and exit plan
Mortgage strategy should match the borrower, property, timeline, and cost. The first pass is about finding the right lane before a lender application is pushed too far.
Construction lending depends heavily on budget realism, draw controls, permits, and the exit after completion.
Private construction financing can be useful, but it may carry higher rates and fees than a bank construction path.
The review should test whether the project can absorb contingencies and closing costs before funding.
What matters for Ontario
The pilot covers the first Ontario markets we want to prove before expanding to every municipality above the population threshold.
Documents
- Plans, permits, budget, and builder contract
- Land purchase agreement or current title/mortgage statement
- Appraisal or completed-value estimate if available
Construction questions
These are first-pass answers. Final lender fit depends on the property, borrower profile, documents, and timing.
Is construction lending advanced all at once?
Can private lenders fund construction?
What matters most to the lender?
Start with a focused construction review for Ontario.
The intake takes a few minutes and keeps the mortgage type and location clear for the broker review.
Garrison Capital Corp., operating as Open Financial
Open Financial Lic. 13362.
Principal Broker: Marcel Greaux, Lic. M10002478.
Prefer phone? 647-558-2300. Email mortgages@openfinancial.ca.