Wondering how to pay for your home renovation?

Rita Cousins Senior Mortgage Advisor • March 11, 2022

Are you contemplating hardwood floors, a new kitchen or energy efficient solutions for your
existing or new home? Are you wondering how to pay for this renovation project?


Take a look at these affordable financing solutions to renovate the home of your dreams!

MORTGAGE
REFINANCING

Take advantage of record low interest rates and spread your renovation financing repayment over a long period of time by refinancing your mortgage.


BENEFITS:

  • Borrow up to 80% of your home’s  appraised value (less any outstanding mortgage balance).
  • Pay less interest than credit card or personal loan rates
  • Access funds immediately
  • Suitable for large scale renovations

FINANCING IMPROVEMENTS UPON-PURCHASE

Finance your renovation project at the time of a new purchase by adding the estimated costs to your mortgage with CMHC Mortgage Loan Insurance. You can obtain financing with only 5% down payment for both the purchase of your home and the renovations for up to 95% of the value after renovations!


BENEFITS:

  • Funds advanced for up to 95% of the value after renovations
  • No additional fees or premiums for progress advances
  • Competitive interest rates
  • CMHC issues premium rebates for Energy saving renovations

SECURED LINE OF CREDITE & HOME EQUITY LOANS

Use a secured line of credit or
home equity loan to pay for your renovation. Securing your renovation loan against the equity in your home can typically be up to 80% of the property value; accessible at
any time.


BENEFITS:

  • Lower interest rates than non secured financing
  • Access funds at any time
  • Interest only payments

Talk to your mortgage broker today to review your renovation financing options!

Meet Brandy – Big Heart, Bigger Fetch Energy

By Andy Schildhorn • October 3, 2025
Brandy is a 2-year-old German Shepherd mix with a serious love for belly rubs, fetch, and being your constant shadow. She’s sweet, affectionate, and always ready to flop over for tummy time! This big, bouncy girl handles beautifully and is incredibly people-oriented—so much so that being left alone makes her sad. She will not hesitate to vocalize when she feels lonely or may try to find an escape route to get to her people. Because of this, she’d thrive in a home where someone is around most of the time to shower her with attention and keep her company. Brandy is easily excitable and can be jumpy when making new friends with people, so she’s best suited to a home without kids. She knows “sit” and “drop it,” has a cute little auto-sit when she wants something, and will gently place her toys at your feet for fetch (which she LOVES and doesn’t destroy—bonus!). Brandy also insists on being the one and only furry royalty in your life. She doesn’t want to share her humans, her home, or her toys—so no other pets, please! She’s ready to rule her kingdom solo as the Queen Bee she knows she is. If you’ve got a secure yard, a good throwing arm, and room in your heart for a one-dog show, Brandy just might be your perfect match. Check out LAPS here for more adoptables .

Live Traffic Views in Langley

By Andy Schildhorn • October 2, 2025
The Township of Langley Traffic Cameras for up to date traffic information. Click here

Langley Could Have 280K People by 2051: Metro Vancouver

By Matthew Claxton | Langley Advance Times • October 1, 2025
Langley's growth may slow down as a result of changing immigration rules, but it is still expected to have more than 280,000 residents by 2051, according to recent Metro Vancouver growth estimates. The report, by the Metro Vancouver Regional District's regional planning committee, was released earlier this month and has three growth scenarios – low, medium, and high.  As of 2024, Metro Vancouver estimated Langley City had 35,316 residents, and the Township had 162,926, for a total of 198,242. 👉 More Details Here
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