RBC is simplifying the process for homeowners to build, retrofit, and renovate their property, helping add to Canada’s housing stock
TORONTO, July 3, 2024 /CNW/ – Royal Bank of Canada (RBC) is offering more financing options to support Canadian homeowners who wish to leverage the potential of their property. As of June 28, homeowners can access RBC’s enhanced residential construction mortgage program to finance the addition of laneway homes, garden suites, modular units, and other auxiliary dwelling units on their property, or to redevelop their single-family home into duplexes, triplexes, or multiplexes (subject to municipal zoning).
Many homeowners want to provide family members with a supportive housing option, while others may be looking to supplement their income…
