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  • The Perfect Home Build Doesn’t Exist

    The Perfect Home Build Doesn’t Exist

    Why perfection is a myth in residential construction

    Most homeowners start their construction journey with a fantasy. They imagine flawless execution, zero surprises, and seamless progress from groundbreaking to move-in day.

    This fantasy will cost them money, time, and sanity.

    Here’s what actually happens: 91% of construction projects experience delays. Only 25% finish within 10% of their original timeline.

    The numbers don’t lie. Perfect builds don’t exist.

    But here’s where most people get it wrong. They think the goal should be finding a builder who avoids problems.

    The real goal is finding a builder who solves them brilliantly.

    When Reality Hits Your Foundation

    We recently worked on a home addition project in East York. The plan was straightforward: build the rear extension on helical piles.

    One week into the project, we discovered the soil conditions couldn’t support the load. The piles wouldn’t work.

    Most contractors would panic. Some would push forward anyway and hope for the best. Others would disappear entirely.

    We did something different.

    Within 48 hours, we had a complete alternative plan. We pivoted to a traditional foundation system that could handle the weight. We presented the client with clear pricing, explained exactly why the change was necessary, and implemented the solution.

    The result? A $10,000 cost increase that the client accepted without hesitation.

    Why? Because we had built trust through transparent communication before the crisis hit.

    The Problem-Solving Advantage

    Every challenge we encounter makes us more valuable to future clients. Each problem we solve adds to our database of real-world solutions.

    When we sit down with new clients during pre-construction, we can anticipate issues that other builders miss entirely. We have those difficult conversations upfront that most contractors avoid.

    We talk about buildability concerns. We identify design choices that will unnecessarily inflate costs. We question structural plans when engineering firms overdesign solutions.

    Recently, we saved a client tens of thousands of dollars by simply questioning an overly complex steel beam specification. The engineering firm had overengineered the structural setup.

    Most builders would have built what was on the plans and collected their fee. We saw an opportunity to add value.

    Why Clients Choose Honest Builders

    When we explained to our East York client that the helical piles wouldn’t work, we didn’t sugarcoat the situation. We said exactly this:

    “The piles can’t hold the weight of your extension. We won’t move forward with something that compromises your home’s structural integrity. Here’s our alternative plan and exactly what it will cost.”

    The conversation took 20 minutes. The client approved the change immediately.

    This happens because we approach every challenge matter-of-factly and always have a solution ready.

    Poor planning causes 31.4% of construction delays. Most contractors fail to properly consider project scope, budget, timeline, and resources from the start.

    We built our entire pre-construction process around preventing these failures.

    The Trust Factor

    Trust isn’t built when everything goes perfectly. Trust is built when things go wrong and your builder handles them expertly.

    Our family-owned approach means we oversee every project. When challenges arise, clients aren’t dealing with a faceless corporation or an overwhelmed project manager.

    They’re working with someone who has solved similar problems hundreds of times before.

    The best builders aren’t the ones who promise perfection. They’re the ones who deliver excellence despite inevitable imperfections.

    Redefining Construction Excellence

    We’ve shifted how we talk about our work. Instead of promising flawless execution, we promise expert problem-solving.

    Instead of hiding our past challenges, we use them as proof of our capabilities.

    Instead of avoiding difficult conversations, we initiate them during pre-construction to build trust before it’s tested.

    This approach has created something remarkable: clients who actually get excited when challenges arise because they know we’ll turn them into opportunities.

    The construction industry is filled with horror stories because too many builders make promises they can’t keep. They paint rosy pictures that reality quickly destroys.

    We do the opposite. We prepare clients for construction realities while demonstrating our ability to handle whatever comes up.

    The result? Projects that exceed expectations not because they’re perfect, but because they’re expertly managed from start to finish.

    Perfect builds are a myth. Perfect builders don’t exist either.

    But builders who turn inevitable challenges into competitive advantages? Those are the ones worth waiting for.

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, lot severances, new home construction, multi-unit renovations, garden suite construction, and laneway suite construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations and home building projects in Toronto, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.

  • The True Cost of Hiring the Wrong Renovation Contractor

    The True Cost of Hiring the Wrong Renovation Contractor

    How to avoid hiring the wrong contractor for your next renovation or home build

    This article was prompted by an email we received from an “almost” client (A.K.A. a client who almost worked with us but decided not to, because they received a much lower quote for the work). See the screenshot below.

    Haters will say this email isn’t real, but it is.

    This is an email we received from a lovely family that bought a home that they were looking to renovate before they moved into it. Instead of working with us (we priced it out and they didn’t like the price), they decided to trust one of their friends who was in the construction industry to take on the project for them instead.

    It ended up in shambles, they are no longer friends, and there are a lot of regrets about their decision to blend business with their personal lives. We received this email after the renovations were “completed”, but there were way too many issues to count so did it really count as complete? We’d say no.

    The above situation isn’t an isolated incident. One-third of Ontario homeowners have been victims of renovation scams and countless more have been part of renovations gone wrong. Almost half know someone who has been scammed. These aren’t just statistics. They represent real people with damaged homes, depleted bank accounts, and renovation dreams turned into nightmares.

    At BVM Contracting, we’ve spent over 25 years in Toronto’s residential construction industry. We’ve seen firsthand what happens when homeowners prioritize price over quality and experience. The consequences extend far beyond financial loss.

    The Hidden Costs Behind the Lowest Bid

    When comparing contractor quotes, the lowest bid often seems most attractive. But experienced builders (and homeowners who have undergone previous major renovations or builds) understand a fundamental economic principle: Good, Fast, Cheap – you can only pick two.

    This isn’t just industry wisdom. It’s mathematics.

    Quality work requires skilled labor, proper materials, and thorough planning. Rushing increases mistakes. Cutting costs means cutting corners. Something always gives.

    The data confirms this reality. 78% of homeowners go over budget on renovation projects. Of those, 44% exceed their budget by at least $5,000, while 35% go over by $10,000 or more.

    When a quote seems too good to be true, it usually is.

    Beyond Budget Blowouts

    Financial overruns are just the beginning. The wrong contractor brings additional costs that never appear on any invoice:

    • Time lost to delays and rework.

    • Stress from managing problems.

    • Relationships strained by disagreements.

    • And potentially, legal expenses to resolve disputes.

    The emotional toll can be substantial. Almost half of those who experienced contractor fraud reported significant impacts on their mental health.

    We’ve consulted with numerous Toronto homeowners who initially chose lower-bid contractors, only to call us later for help fixing substandard work. By then, they’ve typically spent more than our original quote would have cost and are trying to pick up the pieces of a failed construction project.

    Why Toronto’s Renovation Market Is Particularly Challenging

    Toronto presents unique renovation challenges. Our housing stock includes many century homes with hidden issues that only become apparent once walls are opened.

    Older homes often conceal outdated electrical systems, plumbing problems, and structural issues that must be addressed to meet current building codes.

    Inexperienced or unscrupulous contractors may provide quotes that ignore these potential complications. We recommend including between a 5 to 10 percent contingency in renovation budgets to start for unexpected expenses, especially in older homes. The more work you do upfront to understand the existing conditions of the home (which we do with every single one of our projects), the more accurate your scope of work and budget will be for your project.

    Without proper planning before a project starts, these surprises can derail projects and budgets.

    Red Flags When Selecting a Contractor

    How can you spot potential problems before they start? Watch for these warning signs:

    • Unusually low bids compared to other quotes.

    • Vague contracts lacking specifics.

    • Requests for large upfront payments.

    • Reluctance to provide references or show previous work.

    • Pressure to make immediate decisions.

    Most importantly, pay attention to the pre-construction process. Does the contractor take time to thoroughly understand your project? Do they explain potential challenges? Are they transparent about costs? Do they itemize their scope? Do they offer insight into ways to save money on your project? If the answer is no to any of these you should save yourself the trouble and look elsewhere.

    In our experience, the quality of planning often predicts the quality of execution. If you are unwilling to properly plan your project before it starts you are going to end up with a project that is riddled with costly mistakes and huge regrets.

    The Value of Thorough Pre-Construction

    At BVM Contracting, we believe proper planning prevents poor performance. That’s why we offer the most comprehensive pre-construction services in Toronto’s residential market at no charge.

    This isn’t standard practice in our industry. Most contractors charge for detailed planning or skip it entirely. We invest this time because we know it builds trust and leads to better outcomes.

    Our pre-construction process includes property zoning analysis, detailed scope development, and transparent budgeting. We maintain an extensive database of past projects to provide realistic cost expectations for similar work.

    This approach allows us to identify potential issues before work begins, preventing the mid-project surprises that cause budget overruns and delays.

    Quality Contractors as Investment, Not Expense

    When evaluating renovation quotes, we encourage homeowners to shift their perspective. Quality contractors aren’t an expense to minimize. They’re an investment in your property’s value and your peace of mind.

    Consider the long-term return on investment. Will the work add lasting value? Will it meet your needs for years to come? Will it pass inspection and comply with building codes?

    The true cost of a renovation includes not just the initial price, but also future maintenance, repairs, and potential remediation of poor workmanship.

    Making an Informed Decision

    As a family-owned business operating in Toronto since 1997, we’ve built our reputation on transparency and education. We believe informed homeowners make better decisions about their renovation projects.

    Before selecting any contractor, we recommend:

    • Obtaining multiple detailed quotes.

    • Checking references and viewing past work.

    • Understanding what permits your project requires.

    • Having a clear, written contract.

    • Being wary of prices significantly below market rates.

    Most importantly, choose a contractor who values communication and demonstrates thoroughness from the first meeting onwards. We are a favourite among homeowners who have already been through a major renovation before and do not want to repeat the traumatic history of their previous project.

    Building Trust in an Untrustworthy Industry

    We recognize that residential construction has earned its reputation for misinformation and disappointment. Too many homeowners have stories of projects gone wrong.

    Our mission is to change that narrative by providing an honest, educational lens for residential construction in Toronto. We aim to be the beacon of hope in an otherwise untrustworthy industry.

    Whether you choose BVM Contracting or another company for your renovation, we hope this information helps you avoid becoming another renovation regret statistic.

    Your home deserves better. And so do you.

    About BVM COntracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, lot severances, new home construction, multi-unit renovations, garden suite construction, and laneway suite construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.

  • How to Prevent Home Addition Cost Overruns

    How to Prevent Home Addition Cost Overruns

    The 4 Essential Pre-Home Addition Assessments You Need to Complete

    After 25+ years in Toronto’s residential construction industry, we’ve seen it all. The excitement of planning a home addition. The carefully crafted budgets. And unfortunately, the shocked faces when unexpected issues derail everything.

    Most homeowners don’t know what they don’t know. And that’s not their fault.

    The truth? The difference between a smooth home addition and a budget-busting nightmare often comes down to four critical assessments that should happen before anyone picks up a hammer.

    These aren’t optional extras. They’re the foundation of proper planning that can save you thousands.

    The $75,000 Surprise: Why Soil and Footing Assessments Matter

    The most expensive surprise we consistently see involves poor soil conditions and inadequate footings that affect a home’s ability to support additional levels.

    This is particularly relevant for top-up additions, which remain extremely popular throughout Toronto.

    Here’s the problem: There’s no requirement to evaluate footings or soil conditions until construction begins (the Toronto Building Inspectors will ask for this verification to be completed and confirmed by a Geotechnical or Structural Engineer). By then, you’ve already invested in designs, permits, and contractor agreements, so it is too late to pivot if there are issues with the foundation or soil conditions.

    We recently worked with clients who had permits in hand but hadn’t received proper guidance from their architectural partner about soil testing. Upon evaluation, we discovered the property had poor soil conditions requiring significantly larger footings.

    Fortunately, these homeowners had budget flexibility. But for many projects with tight margins, this discovery could have stopped construction entirely.

    We had to underpin the existing footings to create a larger foundation area—an expensive and time-consuming process that wasn’t in our client’s original budget.

    Footing size verification (including soil testing) costs approximately $1,500-$2,000 + HST for interior testing versus $4,000-$5,000 + HST for exterior testing (due to having to excavate). Skipping this step could result in additional work costing between $20,000-$75,000 + HST. And that’s not a typo!

    How can you spot potential issues before committing? Start by looking at neighboring properties. If friends or people you know on your street have completed home addition projects, ask about their experience. Their experience shouldn’t be taken as gospel, but it should give you a better indication of the type of soil conditions your property might be dealing with!

    Some Toronto neighborhoods are notorious for flimsy soil conditions. Getting perspective from nearby properties provides valuable insights. BVM Contracting has experience in a lot of these neighbourhoods and can give you a good indication of what you are up against and what will need to be accounted for.

    Without exposed foundation walls and footings, it’s challenging to evaluate from inside your home unless you notice obvious shifting in the foundation. If you have an area or two of exposed basement slab to review the soil at the level of your home’s footings, this is all that will be needed to determine the state of the soil and footings and will help guide decision-making for your home addition project! The $1,500-$2,000 + HST that you pay to complete this is worth it, especially if it helps guide your decision-making for proper home addition budgeting in Toronto and beyond!

    What Lies Beneath: The Critical Underground Plumbing Scope

    Underground plumbing drain scopes ensure that existing drains not scheduled for replacement are in good enough condition to remain as-is.

    Many Toronto homes still have clay drain pipes that deteriorate over time or get compromised by invasive root systems.

    We recently completed a drain scope on a home addition project and discovered clay drains completely filled with roots and barely functioning. The homeowners were planning to add significant new plumbing fixtures that would have overwhelmed this already-compromised system.

    By identifying this early, we incorporated drain replacement into the project scope and budget. This prevented future backups and plumbing disasters that would have been much more expensive to address after walls and floors were finished.

    Underground plumbing drain scopes in Toronto typically cost between $350-$500 per branch, while the average sewer line repair costs around $3,000. That’s significant savings for a simple preventative measure. BVM Contracting can help evaluate this very early on in the process in order to ensure that the house functions as intended after you put hundreds of thousands of dollars into a home addition. 

    The Hidden Dangers: Asbestos and Lead Testing

    Homes built before the 1990s often contain lead and asbestos-based building materials. The older your home, the higher the probability these materials are still present.

    The good news? These materials aren’t typically harmful unless disturbed. The bad news? Home additions and renovations definitely disturb these materials.

    If asbestos or lead is present, removal must be handled by licensed specialists—which comes with additional costs that can significantly impact your budget if not planned for.

    DSS testing (Designated Substance Survey) for asbestos and lead typically costs around $1000-$1500 for an average residential property and is dependant on the number of samples taken and size of the existing home. This investment is minimal compared to potential remediation expenses that arise when these substances are discovered mid-project.

    The cost difference isn’t in the identification (testing costs remain similar whether done before or during construction). The real issue emerges when these substances aren’t accounted for in your initial budget, and a licensed team needs to come in to remediate. 

    Discovering asbestos mid-project can also halt construction while specialized removal teams are brought in—adding costs and delays that could have been easily avoided with proper testing.

    Foundation and Structural Integrity: The Assessment Most Contractors Skip

    Foundation and structural integrity reviews are technically required before completing a home addition in Toronto. As stated above, building inspectors will ask for this documentation, specifically as it pertains to the existing footings and soil under the existing foundation. As important as understanding if the soil and footings are in good shape is understanding if the foundation and exterior walls can bear the additional level(s) you are proposing.

    However, the timing makes all the difference.

    Many contractors conveniently delay these assessments until after budgets are finalized and contracts are signed. Why? They’re afraid to uncover a “can of worms” that requires telling clients about additional necessary work and costs.

    We believe in conducting these assessments before any contracts are signed and project budgets are finalized. It’s simply good practice.

    In Toronto, we’ve encountered relatively few projects requiring substantial foundation work prior to home additions. However, it remains absolutely essential when evaluating existing homes for addition projects—especially top-ups.

    Proper foundation assessments conducted by structural engineers typically cost between $450-$550 + HST. This investment helps homeowners avoid potentially costly structural repairs later, especially when foundation issues could compromise the entire addition project.

    The $5,000 Investment That Prevents Budget Disasters

    For budget-conscious homeowners (which is most of us), spending additional money on assessments might seem counterintuitive. But here’s our perspective after decades in the industry:

    The total cost for all four assessments typically runs less than $5,000. That’s a small fraction of your overall project budget that dramatically reduces the number of unknown variables.

    These assessments should be considered essential soft costs—just like design and permitting fees—for every home addition, garden suite, laneway suite, and basement renovation project.

    Even interior renovations benefit from drain evaluations and DSS testing early in the pre-construction process.

    When Timing Is Everything: The Optimal Assessment Sequence

    Ideally, complete these assessments before starting the design process. This information helps inform critical design decisions from the beginning.

    If that timeline isn’t feasible, start as early as possible during the design phase. The goal is completing all assessments before finalizing construction budgets and signing contracts.

    This approach differs significantly from standard industry practice. Many contractors avoid discussing potential issues until they’re unavoidable—after you’re financially committed to the project.

    We take the opposite approach. We don’t shy away from conversations about potential problems. Instead, we actively educate clients about why these assessments matter.

    We even offer these assessments as standalone services for homeowners planning additions who want to do things properly from the start.

    Here’s Your Home Addition Preparation Action Plan

    If you’re considering a home addition in Toronto, here’s our recommended approach:

    1. 1. Start with neighborhood research. Talk to neighbors who’ve completed similar projects about soil conditions and challenges they encountered.

    2. 2. Schedule the four essential assessments before finalizing designs: soil/footing evaluation, underground plumbing scope, DSS testing, and structural integrity review.

    3. 3. Incorporate findings into your project budget and timeline before signing contracts.

    4. 4. Work with professionals who value transparency and education throughout the process.

    The residential construction industry unfortunately remains filled with misinformation, horror stories, and poor guidance. As a family-owned business operating since 1997, we’ve built our reputation on being different.

    We believe proper preparation and honest communication create better outcomes for everyone involved. These four assessments represent the foundation of that philosophy.

    The difference between a smooth, on-budget home addition and a financial nightmare often comes down to what you discover before construction begins. For less than $5,000, these assessments provide invaluable peace of mind and protection for your investment.

    After all, your home is likely your largest asset. Shouldn’t you protect it with proper planning?

    Start Your Home addition PLanning Today

    5 months or 5 years, it doesn’t make a difference to us. If you want actual numbers, honest advice, and an easy process feel free to reach out to start your home addition project consultation. It comes at no charge, because we believe access to transparent advice is important in your decision-making and will help you make the most informed decisions. Start your home addition journey today!

    About BVM COntracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, lot severances, and new home construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.

  • Benefits of New Home Construction: What you need to know

    Benefits of New Home Construction: What you need to know

    Learn about the pros and cons of building a completely new home, versus building with your existing foundation

    BVM Contracting specializes in substantial renovations, custom home additions/extensions, and new home construction projects. In this blog we try to give prospective home construction clients the pros and cons for doing a new home construction project, versus doing a home renovation (i.e. home addition or extension) on an existing home.

    In this blog we are going to cover the following subjects:

    1. What is the difference between a New home Construction and A Home Addition/Home Renovation

    2. What are the benefits/Considerations for building a new home?

    3. What is BVM Contracting’s recommendation?

    The major difference between a new home construction and home renovation/home addition is that a new home involves removing the entire existing home, including the foundation, and being left with a giant hole in your property. This allows you to build a completely new home from the foundation/footings, and make any adjustments in depth of the home necessary to fulfill any municipal by-laws (i.e. lower basement, higher ceilings, etc.).

    It is also important to note that a house is also considered a new home build in the City of Toronto when you do not maintain a certain percentage of exterior walls. It is usually a safe bet to maintain 51 percent (which usually equates to around two walls) in order to avoid any issues with turning your renovation into a new home build. Working with a designer will help you determine if your wishlist will allow for completing a house as a renovation versus a new home.

    Benefits

    1. You get a completely new home with no pre-existing headaches

      This one is pretty self-explanatory, but when you build on an existing home and don’t address the existing conditions you will still have to live with them even after your home renovation or addition is completed. This will increase the maintenance costs of your home over time.

    2. You are in control of footprint and finishes

      Sometimes there is a lot of value in creating a completely new footprint for your new home since sometimes your existing footprint doesn’t allow you to create the house of your dreams. Creating a completely new foundation will allow you to built it right from the ground up, which is what a lot of luxury home clients want!

    3. Avoided headaches from renovating an existing home

      Whenever you are building on an existing home there are existing conditions that may pop up and may add to the cost of the renovation. It is important to note because with a new home you do not have to deal with any of these existing problems because the house is completely new.

    4. Rebate for new Home Construction

      A new home build on land you already own is generally eligible for the Ontario new housing rebate, as long as it will be your primary residence. For our clients that is worth up to $16,080, because no HST was paid on the land when they bought it. Ontario’s enhanced rebate can be worth far more, but it stops at $1,850,000 of finished value including the land, which rules out most Toronto custom homes. Our HST rebate guide walks through both.

    Considerations

    1. Increased Pre-design, Design, and Permit Costs

      The following items are extra costs needed when before the project commences:

      • New survey (topographic)

      • Grading plans

      • Development charges (payable to the City during submission of permits)

      • Surveying fees during and after the construction (pin footings, as-builts, etc.)

    2. Possibility of Increased utility Construction fees

      The City of Toronto requires that the incoming water supply line gets replaced when an infill construction project commences. This means that you have to spend money over-top of spending money on the project itself. When you complete an infill construction you also have to pay for the natural gas disconnect from Enbridge. The good news with this is they give you a new line as a result of the disconnect. Usually hydro is the same type of process between infill and home renovation, unless the meter base is relocated or underground service is a wishlist item.

    3. Increased Cost to Construct

      Sometimes, if there are no issues with a home addition of the same size and scope, the cost to construct a new construction home is the same or more expensive than completing a home renovation/home addition. It is important to note though that the contingency needed for a new home construction project is way less than what is usually needed for home renovations/home additions since there are no unknowns. A new home construction is therefore less worry but potentially at more of a cost. Would you rather sleep at night or save a bit of money? We will leave that up to you!

    BVM Contracting is well equipped to handle Home Additions, Home Extensions, Full Interior Renovations, and Infill New Home Construction projects, but time and time again we find that with the contingency needed for home additions that most of the time you are spending the same (if not more) to try to keep the project a renovation.

    BVM Contracting recommends to any client that wants the peace of mind knowing that they will get their house built at the amount agreed to in the contract (and not a penny more) that a new home construction will fit the bill better than piecing together a renovation on an existing home. With the massive reduction in variables, it is the sensible option to choose if you want to have a painless residential construction experience!

    About BVM COntracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations and custom home builds (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, lot severances, and new home construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.

  • Toronto’s HELP Program

    Toronto’s HELP Program

    Toronto’s Home Energy Loan Program

    As a top General Contractor in Toronto, BVM Contracting has worked with clients that have accessed renovation financing from a variety of sources. One great way to access renovation financing AND do right by the environment for your next home renovation is with The City of Toronto’s Home Energy Loan Program (HELP). This program allows eligible homeowners to access up to $75 000 as a low-interest loan from the City of Toronto to help pay for eligible home energy improvements.

    Eligible HOME ENERGY IMPROVEMENTS

    The following is a list of eligible improvements that can be covered by a loan from the Home Energy Loan Program:

    • High-efficiency furnaces/boilers/air conditioners

    • Air-source heat pumps*

    • Window / door replacements*

    • Basement/attic/exterior wall insulation

    • Air sealing (e.g. weather stripping or caulking)

    • Geothermal systems*

    • High-efficiency water heaters

    • Tankless water heaters

    • Drain-water heat recovery systems

    • Toilet replacements

    • Solar hot water systems*

    • Electric vehicle charging stations (Level 2)

    • Rooftop solar PV panels*

    • Battery storage

    *Qualifies for 20 year amortization

    Find out here about which home improvements gives you the best return on your investment and do not break the bank!

    The HELP program offers low interest loans, up to 20 year amortizations on eligible upgrades, and the loan can be paid off at any time! Of course there are eligibility requirements for the program so before you look too far into this program please look through the eligibility requirements below, as well as some information about the application process.

    HOMEOWNER Eligibility

    You may qualify for a low-interest loan through HELP if:

    • you own a detached, semi-detached, or row house;

    • all of the property owners on title consent to participate in the program;

    • your property tax and utility payments to the City are in good standing; and

    • you obtain written consent from your mortgage lender, if applicable*.

    *If your property has a mortgage, you will have to fill out a customized Lender Consent Form. Contact BVM Contracting to get access to the Lender Consent Form and start the process of getting approved by your lender for the program! The ratio of the remaining mortgage compared to the value of the home will dictate your ability to have access to this program.

    It is important to understand that you are still able to access other rebates and incentives at the same time as enrolling into the Home Energy Loan Program. Take a look through some of the other rebates and incentives that you have access to in our blog, or contact us to learn more.

    The Application Process

    Step 1: Complete an Application Form

    To access the application form, click here

    You can print and mail the application to the following address:

    Home Energy Loan Program
    Environment & Energy Division
    City of Toronto
    55 John Street, 2nd Floor
    Toronto, ON
    M5V 3C6

    You can also complete it online and email it to homeenergyloan@toronto.ca.

    Once the City of Toronto receives and approves your application, they will send you a funding offer that states the maximum amount that your property is eligible to receive through the Home Energy Loan Program (HELP). 

    If your home is subject to a mortgage, you will need to send your mortgage lender a letter of consent form to fill out. Your mortgage lender’s consent is required before the City can send you a funding offer. BVM Contracting can help you obtain this form and get consent from your lender, if needed.

    Step 2a: Home Energy Assessment and Funding Request

    Book a home energy assessment with an Energy Advisor registered by Natural Resources Canada.

    The assessment will include a basement-to-attic assessment of your home’s insulation, heating and cooling systems, and detect any air leaks or drafts.

    When the assessment is complete, you will receive:

    • A Renovation Upgrade Report with recommendations for specific improvements

    • An EnerGuide rating based on your home’s current energy performance

    • Information on available incentives and rebates

    For recommendations of Registered Energy Advisors and information on incentives and rebates available for home energy assessments, click here and scroll to the bottom of the blog, or contact BVM Contracting. We work with a network of Registered Energy Advisors that will be able to HELP!

    Step 2b: Submit your funding request

    Determine which improvements you wish to make and get a quote from the general contractor of your choice, based on your goals, budget and recommendations of the Energy Advisor. 

    Your funding request will include:

    • a list of the improvements you intend to undertake;

    • details and cost estimates based on the quote from your general contractor; and

    • the estimated incentive and rebate amounts available to you from the utility companies.

    BVM Contracting has completed many of these types of quotes and will be able to accurately price out the cost of each upgrade you decide to move forward with. We have also helped homeowners fill out the Funding Request Form to ensure that they are not missing out on any other incentives or rebates.

    Click here to access the Funding Request Form. 

    Step 3: Property Owner Agreement

    Once the City has approved your Funding Request, they will send you a Property Owner Agreement (POA), which is the funding agreement between the property owner(s) and the City.

    You must sign the POA and return to the City. Once the POA is approved by the City, they can provide, if requested, up to 30 per cent of the funds to help you get your project underway.

    If you are doing more renovations than the eligible items above (which is usually the case) and you are finding other ways to finance your build, visit BVM Contracting’s Financial Section of the website

    Step 4: Complete your improvements and submit your project completion report

    Homeowners assume full responsibility for the work performed, which includes selecting, hiring and paying the general contractor, and obtaining all required municipal and/or provincial permits, if applicable. BVM Contracting can help guide you through the permit process, if necessary.

    When your project is complete, book your post-retrofit home energy assessment with your Energy Advisor. The Advisor will verify the improvements and provide a new EnerGuide rating for your home.

    Submit a Project Completion Report (click here to access), signed by your Energy Advisor, along with your general contractor’s invoices and your new EnerGuide rating label. The City will then provide you with the remaining funds for your project.

    Step 5: Repay the loan over time via your property tax bill

    Once your project is complete, the City will notify you when your loan payments will begin. The loan payments begin 2 months after the post-project completion date. You will be enrolled in the City’s Pre-authorized Tax Payment plan and repay the City via eleven monthly installments per year over the term of your loan.  Loan payments made via the property tax bill are treated in the same manner, and subject to the same penalties, remedies and lien priorities, as property taxes.

    At any time during the term of the loan, you may pay the outstanding balance, without penalty, to clear the loan from your property. Sometimes, depending on the renovations completed, homeowners can reappraise their home’s value and unlock some equity to put towards paying down the loan.

    Interest Rates and Terms for The Home Energy Loan Program

    The following interest rates are set for 2020 for the program:

     Current interest rates for the Home Energy Loan Program
    Current interest rates for the Home Energy Loan Program

    It is important to note that:

    • An administrative charge of two per cent (2 per cent), which reflects the City’s cost of administering the program will be added.

    • The value of the loan, which will include the funding amount, interest, and an administrative charge, cannot exceed 10 per cent of the current value assessment (CVA) for your property, or $75,000, whichever is less.

    • Homeowners will repay the loan via their property tax bill and can pay off the loan at any time without penalty.

    Approximate Monthly Payment Based on Size of Loan

     

    Reasons to Choose HELP for your Renovation Project

    1. Enjoy low-interest rates and repayments terms of up to 20 years.

    2. Avoid the large upfront costs of home energy improvements and pay for them over time as you save on your energy bills.

    3. Repay the loan via installments on your property tax bill. You can pay off the loan at any time without penalty.

    4. Receive ongoing support from the HELP team and assistance accessing additional rebates incentives from Province of Ontario and utility companies.

    5. The loan will be attached to your property, not to you, the property owner. This means that if you sell your home before the loan is repaid, the new owner will assume the balance of the loan.

    In our opinion, if you are eligible for this program you should consider filling out an application. Need some help? Contact us and we can HELP you get the process started!

    BVM Contracting is committed to giving homeowners the best insight into different financing options for renovating their home. Further than providing renovation advice and industry trends, we also pride ourselves on being able to provide value to home owners before, during, and after renovations. 

    About BVM Contracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, and new home construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.