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Building loan

You can take out a building loan to finance the construction or renovation of a property. It is granted in the form of a credit limit on your current account, which you will draw down as the work progresses.


  • The account is debited as the work progresses. Interest is only charged on the funds that have been drawn down.
  • The construction loan includes a first and second mortgage. One interest rate is applied.

Rates and conditions

  • The account is debited upon submission of invoices signed by the project owner and the architect.
  • Once the work is finished, the loan is converted into one of our mortgage loans.



Minimum amount

  • None

Maximum amount

  • Multifamily residential properties: max. of 80% of the property's value
  • Other properties: between 50% and 70% of the property's value


  • The entire construction phase

Interest rate

  • Customized


  • 0.25% on the highest debit balance over the quarter

Principal repayment

  • None

Use of the loan

  • During the construction period
    • You will draw on your loan as the work progresses, upon submission of invoices for work completed.
    • You will be charged interest only on the funds actually used to pay those expenses.

Learn more

Write to us

If you are a BCV client with BCV-net, we suggest you log in to BCV-net and contact us using the secure messaging service

Call us

We’re available Monday to Friday, from 8:00am to 6:00pm



Visit us

Come to one of our branch offices

Terms and conditions for banking services

Download our brochure (in French) for the terms and conditions for corporate banking transactions.

How it works

Converting a building loan into a mortgage loan

Related services

Building Plus loan

This fixed-rate loan enables you to finance the construction of a property. You can keep careful track of your expenses throughout the construction phase and beyond.

Fixed-rate mortgage loan

With a fixed-rate mortgage loan, you can plan out your mortgage expenses for the entire loan term.

Green Bonus

With this loan, we waive your interest payments for the first 12 months if you buy or build a property with a CECB® eco-rating of A or carry out energy-saving renovations.