Mortgage Minute - What is PPI?

Date Posted: June 23, 2020

Realtors and Mortgage Brokers alike are seeing an increase in the number of active home listings now that Canadians from various cities and provinces begin their staged re-openings.  As a result, certain housing markets are seeing multiple offer situations more and more often.  A solution for many purchases is the Purchase Plus Improvement Program that allows you to obtain up to 20% of the purchase price of a home for renovations.

The Purchase Plus Improvement program allows homebuyers to purchase a property and include the cost of the improvements in their financing.  Popular improvements such as kitchen and bathroom renovations, hardwood flooring, and windows qualify.

Talk to your Mortgage Broker today and see how this program can help you buy your home.

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Contact your Mortgage Broker today for trusted advice