RBC Construction Mortgages

Whether you’re looking to redevelop your existing home into multiple housing units, or planning to build your own home, we can help.

Redeveloping your existing home into multiple units?

Looking for creative ways to help your adult children or aging parents find an affordable place to live? Or seeking ways to boost your income with a rental property? RBC can help.

The RBC Construction Mortgage Multi-Units Program¹ helps Canadian homeowners add up to five new housing units to their property by building new units or retrofitting their existing home. This could be by redeveloping your current single-family or secondary home into multiple units, or the construction of a secondary structure that sits on the property.

Building new residences or redeveloping your current home into multiple units may provide any number of solutions to current or future financial or housing needs.

Under the RBC Construction Mortgage Multi-Units Program, eligible homes² include:

• Conversion to duplex, triplex or multiplex
• Standalone buildings on your property, such as laneway homes or garden suites
• Factory constructed mobile/chattel homes that are not permanently fixed to the ground but located on the land you own
• Modular homes that are permanently fixed to your property

Building your own home?

An RBC Construction Mortgage¹ can provide the financing you need to create the custom house you want.

Many Canadians are choosing to build custom houses with special features to suit their lifestyles and personal tastes. An RBC Construction Mortgage could help you finance the cost to purchase that perfect building lot, as well as the construction costs to build your dream home.

While building your own house can be a creative and exciting experience, it can also present some complicated financial challenges. So, whether you already own your lot or are still on the look-out for an ideal location, an RBC Mortgage Specialist can help guide you with your financing needs.

RBC Mortgage Specialists are here to help

With an in-depth knowledge of construction mortgages, RBC Mortgage Specialists can give you the support you need to guide you through the process of either redeveloping your existing home or constructing new housing units. They can also connect you with the people you’ll need to bring your idea to life.