Quick answer (Canada): A home renovation loan provides funds for approved upgrades, often rolled into your mortgage or structured as a stand-alone loan or line of credit. Lenders release funds in stages or after inspection. Approval depends on income, credit, equity, and project details.
Unlock the funds you need to upgrade your home. Whether it’s a kitchen, bathroom, or major addition, we package your project, compare 100+ lenders, and align cash flow so your vision becomes reality with less stress.
No cost, no obligation—just your best rate in minutes.
At Genesis, we’re dedicated to securing the lowest rate possible for you. Your personalized rate depends on factors like credit score and home equity, in line with Canadian regulations. Get your tailored details quickly—with zero cost, zero obligation, and total peace of mind.
Discover the Key Benefits of Choosing Home Renovation Loans with Genesis Group.
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The Genesis Group exceeded my expectations! Purchasing an investment can be a scary process especially during this unprecedented time. I had the pleasure of working with Kirk and his assistant... read more Deidre, their level of excellence and commitment will have me returning in the future to build on my real estate portfolio. The office is beautifully located in the town of Ajax and surprisingly they were available after hours to answer any questions. They had full dedication and commitment to my file, I felt prioritized! The online portal to submit and sign documents was user friendly and helped to expedite the process. They did everything on my behalf to ensure a successful closing, allowing for me to continue on with my busy schedule. I recommend The Genesis Group for all your investment needs. Kirk goes above and beyond for his clients. Thank you to the entire team for all the help with closing my deal.
S T 01/13/2023
Kirk is a class act! He helped me with my first home property mortgage and couldn’t have asked for a more professional person to deal with. Him and his team... read more are truly 5 star. Highly recommend!
Lui Vescio Jr. 12/13/2024
As a first-time homebuyer, navigating the mortgage process can be incredibly daunting, but The Genesis Group made it not only manageable but truly rewarding. I had the distinct pleasure of... read more working with Kirk Bryan, the founder & CEO, who personally guided me through each step with exceptional expertise and genuine care. Kirk and his team worked tirelessly to secure a fantastic interest rate for my mortgage, ensuring every detail was perfectly in place. Their award-winning service is evident in their proactive communication, deep industry knowledge, and commitment to their clients. Thanks to The Genesis Group, I crossed the finish line with my very first home purchase, feeling confident and well-supported. Highly recommended for anyone looking to make their home ownership dreams a reality!
Rohan Spence 05/13/2024
Had a great experience dealing with Brittney. Fantastic communication and really worked for me and my needs. Will never go anywhere else for my financial needs
Mark Winter 11/13/2024
If getting a mortgage was an Olympic sport, these guys would take gold—blindfolded, on a unicycle, while juggling flaming swords. They made the process so smooth, I was half convinced... read more they were magicians. Highly recommend if you like your mortgages fast and your brokers witty! Special shoutout to Kirk the CEO and Brittney, they came back to me with the lowest rates and a heap of knowledge to guide me through. Definitely the best in the business!
Samantha L 09/13/2024
My partner and I have been in our first home for over a month now and we cannot thank Kirk and The Genesis Team enough! Kirk was patient, professional, supportive,... read more informative, and honest with us throughout the whole process. We were extremely scared to dip our toes into the current housing market, but he took the time to address our concerns, go over our expectations and after only meeting us once, he was committed to us, our journey and getting us the very best rate that he could. We were blessed to have Kirk in our corner when we quickly found a home that we fell in love with. With his expertise we were able to see our dream as homeowners come to light. Thank you so much for all your help, Kirk! There are so many great things we could say about you and your team, but we want you to know that your positivity and passion for what you do is appreciated and admired. We look forward to working with you again as our family continues to grow over the next couple of years.
stephanie B 01/13/2023
From the very first meeting to the joyous moment of receiving my keys, The Genesis Group, under the astute leadership of Kirk Bryan, has been nothing short of spectacular in... read more securing my first mortgage. Navigating through the home-buying process can be daunting for a first-timer, but Kirk and his dedicated team, including the remarkable Cshandrika Bryan and the diligent Hope Spence, provided me with the guidance, confidence, and support I needed. The Bryan team is well-versed in the complexities of the mortgage process and operates with a level of professionalism and personal attention that is rare in the industry. Cshandrika's expertise and proactive communication meant that I was never left in the dark, while Hope's tenacity ensured that we secured a deal that was not only favorable but also well ahead of the closing date, which is a testament to their commitment and efficiency. What I appreciated most was their personal touch; they treated my first home purchase with the significance it deserved, celebrating each milestone and navigating every challenge with a solution-oriented mindset. I am truly impressed by the personalized strategies and genuine care that The Genesis Group provided. To anyone stepping into the home-buying arena, I cannot recommend The Genesis Group enough. They are not just a team that helps you cross the 'finish line'; they are your steadfast partners in turning the dream of homeownership into a reality. Thank you, Kirk, Cshandrika, and Hope, for your impeccable service and for making this journey so memorable. I look forward to working with you again in the future!
Rohan Germain 01/13/2024
Was a great experience working with Kirk and his team. They not only helped me refinance my mortgage on my house, they also assisted me in a commercial business acquisition.... read more Without their assistance and guidance, I wouldn't have been able to buy the business and help me achieve my financial goals. I would recommend Kirk and the Genesis Team, if you require any type of financing, be it for residential or commercial needs reach out to them.
Sean P. 02/21/2024
My husband and I had used Kirk and his team upon closing a deal on our home. We couldn’t be more happy with everything Kirk and Brittney have done for... read more us. They made the process so smooth and we would recommend them again and again. The level of professionalism and help that they gave us was unmatched! 10/10
What is a home renovation loan in Canada and how does it work?
A home renovation loan provides funds to upgrade your property. It can be added to your mortgage at purchase, set up as a refinance of your existing mortgage, or arranged as a separate loan or line of credit. Funds are often released in stages or after inspection to confirm the work was completed as quoted.
What is the difference between a home renovation loan and a mortgage for renovations?
A renovation loan can be a stand-alone loan or line of credit. A mortgage for renovations usually rolls approved costs into your mortgage through a refinance or a purchase-plus-improvement program. We compare both and size the structure to your budget.
Can I add renovation costs to my mortgage when buying a home?
Yes. With a purchase plus improvement program you provide contractor quotes up front. The improvement amount is included in your approval and funds are released after the work is verified. See the related option:
Purchase Plus Improvement.
Do I need an appraisal or inspections for a renovation mortgage?
Most lenders require an appraisal and may use staged inspections or a final inspection before releasing funds. We align quotes to policy so the appraiser and lawyer know exactly what to verify.
Is a HELOC better than a renovation loan for my project?
A HELOC offers flexible, interest-only access as you draw funds; a renovation loan or refinance can lock in a lower fixed payment. We model both paths and show total cost and cash flow. Learn more:
HELOC in Canada.
How much can I borrow for home renovations in Canada?
Limits depend on equity, credit profile, income, and program rules. We size the loan using verified quotes and, when needed, the as-improved value. Start with the
Mortgage Payment Calculator.
What documents do lenders ask for on a renovation mortgage?
Expect ID, income documents, recent mortgage statements, property tax bill, contractor quotes, and a budget or scope of work. If buying, include the purchase agreement and deposit proof. We give you a tidy checklist to keep things moving.
Are there extra costs with a mortgage for renovations?
Budget for appraisal and legal fees and, in some cases, lender or inspection fees. If you refinance mid-term, a prepayment penalty may apply. We compare total costs so the choice is clear. Review the
Closing Costs Guide.
Ready to upgrade your home without the stress? We’ll package your quotes, negotiate the market, and guide every step until your dream space is complete.
This exclusive rate is available for High Ratio Mortgages and applies to both new purchases and some mortgage switches. With a guaranteed rate of Prime -1.00%, you’ll enjoy the freedom to make extra payments or increase your monthly payments by up to 20% per year.
And the best part? This is a full-frills mortgage—no hidden surprises or restrictive clauses like a bona fide sales clause!
Prime Rate @ 5.45%
4.45% - 5.50%
If you don’t qualify for our lowest advertised rate, don’t worry! We have other competitive options tailored to your needs. Factors such as your credit score and home equity will determine your final rate.
Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.
Enjoy a rate discount starting from Prime -0.50% for your term. This 5-year Adjustable Rate Mortgage (ARM) offers unmatched flexibility: pay it, lock it, break it, or change it—with no restrictions or penalties.
Perfect for insured, insurable, and uninsured new purchases and switches, this option is available for owner-occupied properties only.
Prime Rate @ 5.45%
4.95% - 6.75%
If you don’t qualify for our lowest advertised rate, don’t worry—there are still excellent low-rate options for you! Your final rate depends on factors such as your credit rating and home equity.
Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.
Lock in this competitive rate for High Ratio purchases! Enjoy the flexibility of making up to 20% lump sum payments annually, plus the option to increase your regular payments by up to 20%—perfect for managing your mortgage your way. Secure this rate for up to 120 days, giving you the confidence to plan ahead.
4.24% - 5.69%
Even if you don’t qualify for our lowest advertised rate, we’re here to help with a variety of competitive options designed to meet your needs. The rates above reflect realistic possibilities based on factors such as your credit score, home equity, and financial profile.
Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.
Take advantage of this competitive rate available for High Ratio purchases and select Insured transfers! Enjoy the flexibility of making up to 20% lump sum payments annually and increasing your regular payments by up to 20%. This is a full-featured mortgage designed to give you the freedom and flexibility you need.
4.59% - 6.84%
If you don’t qualify for our lowest advertised rate, don’t worry—we’ve got a variety of low-rate options to fit your needs. The rates shown above reflect realistic scenarios and are influenced by factors like credit score, home equity, and financial profile.
Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.
Take advantage of this fantastic rate available exclusively for High Ratio deals! With the flexibility to make up to 15% lump sum payments annually and the option to increase your regular payments by up to 15%, this is a full-featured mortgage that adapts to your needs. Lock in this rate for up to 120 days and plan your homeownership journey with confidence.
4.39% - 5.79%
Don’t worry if you don’t qualify for our lowest advertised rate—we’ve got you covered with a range of low-rate options tailored to fit your unique circumstances. The rates above reflect realistic scenarios based on factors such as credit score, home equity, and financial profile.
Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.
Lock in this competitive rate for High Ratio purchases! Enjoy the flexibility of making up to 20% lump sum payments annually, plus the option to increase your regular payments by up to 20%—perfect for managing your mortgage your way. Secure this rate for up to 120 days, giving you the confidence to plan ahead.
4.84% - 6.19%
Even if you don’t qualify for our lowest advertised rate, we’re here to help with a variety of competitive options designed to meet your needs. The rates above reflect realistic possibilities based on factors such as your credit score, home equity, and financial profile.
Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.
Unlock this exclusive low rate for High Ratio purchases and Switches. Enjoy up to 20% lump sum payments annually and the flexibility to increase your payments by 20%! Plus, lock in this fully-loaded mortgage rate for up to 120 days—no hidden restrictions, just exceptional value.
5.49% - 6.99%
Even if you don’t qualify for our lowest rate, we’ve got plenty of low-rate options tailored to fit your unique situation. Your final rate depends on factors like your home equity and credit score, but with Genesis, you’ll always get the best-possible rate for your needs.
Note: Additional premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending solutions.