Construction Mortgage in Ontario

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Why Should You Use Construction Financing in Ontario?

Construction mortgages are a great way to bridge the gap in your finances and accumulate enough funds to construct the home of your dreams. Start your project off right by choosing an experienced lender, ideal mortgage terms and great construction mortgage rates in Ontario.

Construction financing in Ontario can finance various expenses, including but not limited to:

If you can relate to these scenarios, you've come to the right place! With Freedom Capital, our borrowers receive custom-tailored commercial financing solutions and quick approvals.

Isabella Flores
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Freedom Capital Team is one of the most amazing mortgage brokers that I have work with, the level of service they provide is outstanding. The team is very professional and were able to answer all of my client questions. Very responsive and acted fast on a mortgage that need it to get approved fast. Highly recommend working with Freedom Capital. Thanks Pip, Sylvia and Kathy
RSB Developments Ltd
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Positive: Professionalism, Quality, Responsiveness, Value Pip and his dedicated team at Freedom Capital went above and beyond for us. We gave them a challenge of getting approval for us within 24 hrs and they were able to do it! I am so appreciative of Pip and his team for taking the time to not only help us understand the process but get it done Quickly! It was easy to see that Pip really values his clients and their best interests. We would work with Pip and his team in the future!
Kim Vo
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I am very happy to have worked with Pip, Sylvia, Rosy, Kathy on my recent mortgage fund. Especially Kathy and Rosy with constant follow-ups and conversations with me all along the application until funding date. Rosy has guided me through the process which I needed. I understand it must be a whole team effort, a lot of work must have occurred behind the phone line in which me the client might not be able to see after I hang up conversing over the phone. They have worked diligently to bring satisfaction serving their clients. I truly appreciate and grateful to deal with Freedom Capital!
John Vranic
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I have worked with many private lenders in the past and I must say that Rosy Ram was the one of the best people to deal with. To top it off my situation was extremely difficult and had many layers to it. After submitting documents that Rosy required she was able to get me a deal quite quickly. I was pleasantly surprised how professional and efficiently she worked. Many other lenders will promise you deals, string you along only to fall short in the end. All the terms, conditions and rates were very reasonable in light of my situation as well. Looking forward to doing more business with Freedom Capital!
AMIR Rahimtula
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Pip Dhaliwal and The Freedom Capital Team are top producers in the mortgage game. Time after time they come forward effectively, efficiently with experience that counts and competitive results! As commercial developer we trust Pip and his team when they say they will get it done! They think outside the box and deal size never matters with Freedom Capital, they have knowledge and relationships with credible financiers to make our 106 unit condo project a reality and help Transnat Properties provide affordable homes to the public.
Gregory Hilman
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We had another broker working on our deal for over three months, and the service was very disappointing... Then we called Pip for a competitive assessment, he made the deal in less than 2 weeks, and it was 3 x what the other lenders were offering. We even got open terms and better interest rate than we expected. Fantastic service and A very reputable lender… We would never go to another broker again!! 5 STARS!!

Client Testimonials

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Get the Right Construction Mortgage in Ontario With Freedom Capital

Issues arise. Whether it be cost overruns, delays due to weather or simply your trades need money fast to avoid liens. At Freedom Capital, we ensure these issues do not hinder our clients and take you from the land purchase to finished property.

With simple terms and relatively less paperwork, we at Freedom Capital ensure our borrowers can overcome any obstacle. Our private alternative mortgage brokerage firm caters to everyone and helps borrowers acquire quick and easy financing in as little as 24 hours*.

If you looking to take advantage of:

Freedom Capital is ideal for you.


There are lenders in Ontario who specifically cater to borrowers with bad credit and a history of debt. If you have a bad credit score and are looking for a construction mortgage in Ontario, Freedom Capital can help you access the finances you need so long as you have equity in your property.

The draw schedule is an outline of when funds are disbursed for the construction mortgage. Draws are usually issued after a milestone is completed. For example, your lender could issue one draw after the lockup is complete and another after the drywall stage. 

A Typical Draw schedule is:  

  • Lock up – 50% Completion
  • Drywall – 70% Completion
  • Finishing – 90% Completion
  • Occupancy – 100% Completion

Lenders typically ask for a 25 to 30% down payment. The rates are slightly higher due to the lack of a property to hold as collateral.

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