CMHC Improvement

Greater Financing Choice for New Construction and Home Improvements

CMHC Improvement enables mortgage professionals to offer greater financing choice to borrowers who are building new homes or who want to undertake small or large scale improvements when purchasing existing homes where the improvements will increase the value of the property.

Download Fact Sheet (PDF)


  • Funds Advanced when Needed — Funds can be advanced during construction / improvements at different stages of work.
  • Competitive Interest Rates — Access to CMHC-insured financing, and as a result, competitive interest rates.
  • Availability — Products and services available coast-to-coast-to-coast.


  • Available for new home construction and purchase of an existing home with improvements.
  • CMHC-insured advances during construction or improvement period with flexible advancing options to meet financing needs.
  • Loan-to-Value (LTV) ratios for purchase transactions: up to 95% for 1 – 2 unit and 90% for 3 – 4 unit owner-occupied properties based on as-improved value.
  • No additional fees or premiums for progress advances.
  • CMHC offers mortgage loan insurance premium refunds for homeowners who purchase an energy-efficient home or purchase an existing home and make energy-savings renovations. See CMHC Green Home for more information.



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