Turn Any Home Into Your Dream Home — Right After You Buy

Access Up to $100,000 for Renovations — Built Right Into Your Mortgage

Tired of homes that are almost perfect?

With the Purchase Plus Improvements program, you don’t have to settle. This flexible solution lets you buy a home and roll renovation costs right into your mortgage — no separate loans, no high interest credit cards, and as little as 5% down.

✅ What You Can Do with This Program:

• Upgrade kitchens, bathrooms, windows, flooring, HVAC, roof, and more

• Finish a basement or add a legal rental suite — projected rental income may help you qualify

• Improve curb appeal with decks or patios

• Fund renovations from $5,000 up to $100,000+

• Get up to 3 draws for larger projects, with flexible payout options

• Complete work within 120 days (max 6 months)

Whether you’re a first-time buyer, investor, or upsizing, this program gives you the power to turn potential into perfection — right from day one.

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🔍 Do You Qualify?

Eligible for:

• Owner-occupied homes (1–4 units) under $1.5M

• Vacation/secondary homes or investment properties

• New to Canada or stated income borrowers

• Project must show dollar-for-dollar value in property after improvements

• Minimum 5% down based on improved value

Requirements:

• Written quotes for work required before closing

• Only material costs covered if doing work yourself

• Photos, inspections, and/or invoices may be required based on project size

• Structural changes may need permits or engineering reports

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💬 Ready to Get Started?

Let’s see how much renovation funding you could qualify for — without overextending your budget.

👉 Complete an APPLICATION HERE
📞 Or call 437 836 7858 for a quick consultation

Eligible Improvements Include (but are not limited to):

• Kitchen/bathroom upgrades
• Flooring/windows
• HVAC (furnace/air conditioning)
• Roof repairs/replacement
• Basement renovation (finishing/waterproofing)
• Deck or patio
• Addition of a rental unit

Key Program Highlights & How Clients Can Qualify:

Program Features

• Renovation amounts can range from $5,000 to $100,000, with exceptions considered for larger projects.
• Improvements must be supported to have $1 for $1 value appreciation.
• Clients typically have 120 days for completion, with a maximum of 6 months.
• Draws: Up to three draws can be processed for improvement amounts over $40,000, with a minimum draw of $5,000.
  • For improvements under $20,000, paid invoices and before/after photos are acceptable.
  • For improvements under $40,000, an inspection is required.
  • For improvements over $40,000, an inspection and paid invoices are required. If invoices are unpaid, Strive can direct funds directly to contractors via solicitor instructions.
  • Quotes for the improvements to be completed must be provided upfront for review.
  • If improvements are completed by the borrower(s), only the cost of materials will be considered, requiring inspection and paid receipts to advance improvement funds.
  • If improvements include the addition of a rental unit, an inspection is required regardless of the renovation amount.

Client Qualification for the PPI Program The PPI program is flexible and can be combined with various mortgage products, including self-employed individuals.

General Borrower Requirements:

• The property must be owner-occupied residential, 1-4 units. For 2-unit properties, one unit must be owner-occupied.
• A minimum of 5% of the down payment must come from the borrower’s own resources, based on the ‘as improved’ value of the property.
• The maximum property value must be less than $1,000,000 if the Loan-to-Value (LTV) is ≤ 80%; or $1,500,000 if LTV > 80%. For the PPI program specifically, the property value must be less than $1,500,000.
• Strong credit profile is required. This includes:
  • A minimum of two (2) trade lines with at least two (2) years of history.
  • No mortgage, installment, or revolving credit delinquencies within the last 12 months.
  • No mortgage defaults for the past 5-7 years (depending on the insurer).
  • No previous bankruptcy.
  • For insurable loans (LTV ≤ 80%), at least one applicant must have a beacon score greater than 680 if LTV is ≤ 70%, or greater than 720 if LTV is between 70.01% and 80%.
• Maximum Loan-to-Value (LTV) can be up to 95% for 1-2 units (insured) or 90% for 3-4 units (insured), and up to 80% for insurable loans.

Specifics for Self-Employed Clients (Stated Income Program): The Stated Income program is an ideal mortgage solution for self-employed borrowers who are unable to qualify via traditional income qualification requirements.

• The client must have been self-employed for a minimum of 2 years.
• Their income must be reasonable for the nature and tenure of their business and align with their credit profile and current financial position. Higher incomes may require additional information and/or documentation.
• The self-employed borrower must be the primary business owner.
• Commission sales income is not eligible under this program.
• Clients must have no income tax arrears.
• Maximum Debt Service Ratios (DSR) are GDS 39% and TDS 44%.
• Required documentation includes proof of self-employment for a minimum of 2 years, Notice of Assessment from the most recent tax year, and a BFS Attestation form.

 

👉 Complete an APPLICATION HERE
📞 Or call 437 836 7858 for a quick consultation