One of the most important factors in whether a property qualifies for a private mortgage is its zoning. Here is why it matters and what we require.
Why zoning matters
Zoning determines what a property can legally be used for. A clear, settled zoning status reduces risk and uncertainty, which is why it is central to lending decisions.
What “fully zoned for current use” means
It means the property is already built and legally permitted to operate as it currently does — with no outstanding work and no permits still pending.
What we do not lend on
We do not lend on properties that are in the process of being rezoned, or where any zoning approval or permit is still to be completed. Uncertain zoning adds risk that does not fit our lending model.
How to confirm your property qualifies
If you are unsure whether your property meets the requirement, reach out. We can quickly let you know whether it is a fit before you go any further.
Ready to talk?
If this sounds like your situation, start your application or contact us and we will help you understand your options across Ontario.
This article is for general information only and is not financial, legal, or investment advice. Please consult a qualified, licensed professional before making any decision.