Financing Your Project – Build Smart, Pay Smarter

With The North Restore

Adding a laneway suite, home addition, or converting your property into a legal duplex or triplex is a smart investment—and at The North Restore, we make it easier to afford.

We help Ontario homeowners access government incentives and financing solutions—including support from trusted mortgage brokers who understand construction lending. Whether you’re building for family or rental income, we guide you through every step.

Government Incentives for Ontario Homeowners

✅ You may qualify for:

  • Development Charges Waiver (City of Toronto)
    Save $40,000–$60,000 when building a laneway or garden suite registered as a rental unit (must remain rental for 15 years).

  • HST New Rental Housing Rebate
    Recover up to 36% of GST/HST on newly constructed rental units—including basement apartments, additions, and laneway homes.

  • Canada Greener Homes Loan
    Get up to $40,000 interest-free for energy-efficient improvements in your build (e.g., insulation, windows, heat pumps).

  • CMHC MLI Select (Multi-Unit Builds)
    Unlock lower mortgage rates and extended amortization periods when developing legal duplexes, triplexes, or fourplexes.

🧭 The North Restore helps you determine your eligibility and supports your application as part of our full-service approach.

🏦 Smart Financing Options for Your Project

Need help covering construction costs? We work with homeowners at every budget level and offer insights into flexible financing solutions:

  • Home Equity Line of Credit (HELOC) – Tap into your home’s existing equity

  • Mortgage Refinance – Restructure to release cash at low interest

  • Construction Loans – Pay as you build, interest-only during construction

  • Private Lenders – For fast, flexible funding with alternative options

🤝 Trusted Mortgage Brokers, Ready to Help

The North Restore partners with experienced mortgage brokers who specialize in construction and investment property financing. They understand the process and can offer solutions tailored to your project and budget.

💬 Ask us for a referral—we’ll connect you with someone we trust.

📞 Let’s Make Your Project Financially Possible

You don’t have to navigate this alone. We’ll help you plan, finance, and build your project—from start to finish.

🔹 Book a Free Consultation
🔹 Request a Financing Assessment
🔹 Learn What You Qualify For