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2025-12-11 06:14:05 -

Construction Mortgage Loans: A Clear Guide for Canadian Homebuilders

A construction mortgage in Canada is a specialized loan designed to finance the building or major renovation of a home. It provides funds in stages throughout the construction process, rather than as a lump sum, helping borrowers manage costs as their project progresses. This type of loan differs from a traditional mortgage, which is used to purchase an existing property....

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