{"id":13,"date":"2026-09-28T10:00:00","date_gmt":"2026-09-28T10:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/olgashvetsov-ca\/2026\/09\/28\/canadas-purchase-plus-improvements-mortgage-olga-shvetsov-mortgage-agent-level-1-perch-mortgage-brokerage-13263\/"},"modified":"2026-09-28T10:00:00","modified_gmt":"2026-09-28T10:00:00","slug":"canadas-purchase-plus-improvements-mortgage-olga-shvetsov-mortgage-agent-level-1-perch-mortgage-brokerage-13263","status":"publish","type":"post","link":"https:\/\/www.olgashvetsov.ca\/blog\/2026\/09\/28\/canadas-purchase-plus-improvements-mortgage-olga-shvetsov-mortgage-agent-level-1-perch-mortgage-brokerage-13263\/","title":{"rendered":"Canada&#8217;s Purchase Plus Improvements Mortgage | Olga Shvetsov , Mortgage Agent Level 1 @ Perch Mortgage Brokerage # 13263"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/olga-shvetsov\/purchase-plus-mortgage-remotion-videos-b067\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Thinking of buying a home that needs a bit of work? The Purchase Plus Improvements Mortgage is a unique option in Canada that allows qualified buyers to bundle approved renovation costs right into their mortgage\u2014meaning you don\u2019t have to juggle separate loans for upgrades and the purchase itself. As someone who\u2019s spent over two decades as an underwriter and now helps clients navigate these decisions every day, I know how powerful this solution can be, especially if you\u2019re finding it tough to compete in today\u2019s market or want to make a home truly your own.<\/p>\n<p>Here\u2019s how it works: lenders look at both the current value and the projected post-renovation value of the property, then set your borrowing and down payment based on the lower of your total purchase price or the improved value. Funds for renovations are typically released after the work is complete and an inspection is done. For smaller upgrades, you might get a single advance, while larger projects can involve staged draws.<\/p>\n<p>Renovations that address essentials\u2014like kitchens, bathrooms, windows, roofs, plumbing, electrical, or heating\u2014are much more likely to qualify than purely cosmetic or luxury upgrades. To strengthen your application, come prepared with detailed estimates, solid timelines, stable finances, and a cushion of extra savings. If you already own your home or are considering a major rebuild, you may need a different type of financing.<\/p>\n<p>Guiding clients through these options and making sure every detail is in place is a big part of what I do. Honest advice and a smart strategy can turn a fixer-upper into your dream home\u2014without unnecessary stress.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thinking of buying a home that needs a bit of work? The Purchase Plus Improvements Mortgage is a unique option in Canada that allows qualified buyers to bundle approved renovation costs right into their mortgage\u2014meaning you don\u2019t have to juggle separate loans for upgrades and the purchase itself. As someone who\u2019s spent over two decades [&hellip;]<\/p>\n","protected":false},"author":294,"featured_media":25,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/posts\/13","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/comments?post=13"}],"version-history":[{"count":0,"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/posts\/13\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/media\/25"}],"wp:attachment":[{"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/media?parent=13"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/categories?post=13"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.olgashvetsov.ca\/blog\/wp-json\/wp\/v2\/tags?post=13"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}