RBC Multi-Unit Construction Mortgage Program

Adding Units to Your Existing Property

If you are looking for financing to redevelop your existing home into multiple housing units, we can help.

Mortgages Designed for Redeveloping an Existing Home into Multiple Housing Units

What is the RBC Multi-Unit Construction Mortgage Program?

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

What sorts of construction projects does the program cover?

Eligible mortgage financing scenarios under the RBC Multi-Unit Construction Mortgage Program could include:

Conversion of single home to duplex, triplex or multiplex
Standalone buildings on your property, such as ADUs (accessory dwelling units) like laneway homes or garden suites
Factory constructed mobile/chattel homes that are not permanently fixed to the ground but located on your property
Modular homes that are permanently fixed to your property

Expert Advice and Support

With an in-depth knowledge of construction mortgages, RBC Mortgage Specialists can give you the support you need to guide you through the financing process when either redeveloping your existing home or constructing new housing units.