Purchase Plus Improvements Program
Helps qualified home buyers carry home improvement costs into their mortgage with as little as 5% down.

Mortgage and Improvement Costs, In One Easier-to-Manage Package
For borrowers who want to make improvements to their home immediately after taking possession of the purchased property, the Purchase Plus Improvements Program allows them to do so with one manageable mortgage.
Premium Rate:
LTV Ratio | Premium Rate | Top-Up Premium |
---|---|---|
Up to 65% | 0.60% | 0.60% |
65.01% - 75% | 1.70% | 5.90% |
75.01% - 80% | 2.40% | 6.05% |
80.01% - 85% | 2.80% | 6.20% |
85.01% - 90% | 3.10% | 6.25% |
90.01% - 95% | 4.00% | 6.30% |
Eligible Products
- Business For Self (Alt-A) Program
- Borrowed Down Payment Program
- Family Plan Program
- Homebuyer 95 Program
- Investment Property Program
- New to Canada Program
- Second Mortgage Program
- Vacation/Secondary Home Program
Eligibility
- This program is available in single or multiple advances.
