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Incentives & Financing Options
for Garden & Laneway Suites in Toronto

Building a garden or laneway suite is a smart investment and there are financial programs available to make it more accessible.

Whether you're looking to tap into home equity, apply for a city grant, or explore low-interest loans, this guide explains your best options as a Toronto homeowner.

Let’s Build a Suite — With a Financial Plan That Works

Proudly based in Toronto, Snap Hub Homes helps you build smart.

From city incentives to custom financing plans, we make sure your investment is secure and stress-free.

Development Charges Deferral (City of Toronto)

Toronto offers a Development Charges Deferral Program for laneway and garden suites, allowing homeowners to defer certain municipal fees over 20 years northvancouverarchitect.com+12evalanes.com+12wowa.ca+12.

Certified Plans streamline permit approval, reducing both timelines and permit costs via pre-approved designs .

Toronto City Council expanded permissions and eased access for garden suites in 2022 

Federal Loan Programs

The Canada Secondary Suite Loan Program offers up to $80,000 at 2% interest over 15 years for eligible homeowners starting in 2025 customgardensuite.ca+15canada.ca+15reddit.com+15.

Homeowners can also access up to 90% of property value through CMHC-insured refinancing for secondary suites .

Construction & Mortgage Financing

Construction Loans and HELOCs are widely used and flexible options to fund suite projects evalanes.com+1vancitycommunityinvestmentbank.ca+1.

Some lenders (e.g., Equitable Bank) offer Laneway Home Mortgages structured around projected rental income .

Green & Energy Rebates

Programs like the Canada Greener Homes Grant offer up to $5,000 for eco-friendly upgrades (e.g., insulation, solar panels)

Frequently asked questions

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