We can help you choose the right financing option for your building or renovation project.
Your Planet-Wise™ teardown financing
A second life for your building materials.
If you’re tearing down a home to build a new one, or undertaking a renovation, we can help you limit the environmental impact.
Key features.
Keep 80% of your building materials out of the landfill*
Material from the construction, demolition and renovation of buildings makes up a staggering share of our region’s landfill waste.
Receive financing to hire deconstruction companies who salvage building materials like lumber and appliances instead of sending them to the landfill.
Sell or donate your building materials
Sell the salvaged materials to be used as the materials to build homes for locals.
Or, donate them to the Habitat for Humanity’s ReStore and receive a tax credit. You can also shop for materials for a new home at the Habitat for Humanity Rebuild Hub.
Move whole homes
Save costs and materials when you use this loan to finance services for moving a house whole, off or onto your lot. Vancity member Renewal Home Development is one to check out for removal and repurposing of homes.
Your financing options.
Planet-Wise™ Renovation Solutions
- Financing terms up to 15 years
- Loans from $2,500 to $50,000
- Preferred interest rate of Vancity prime rate +0.75% (subject to change)
Creditline (Unsecured Line of Credit)
- Preferred interest rate based on Vancity prime rate
- Unsecured loan
- Maximum loan amount based on how you qualify
Construction mortgage
- 90-day up-front guarantee on interest rate and mortgage terms
- Pay interest only for up to 18 months, starting from the date of the first advance
- Financing for up to 80% of the value of the home you plan to build (terms and conditions apply)
Take the next step.
Find a specialist near you
Interested in a new mortgage or refinancing? Browse our mortgage specialists to connect with someone in your area.
Browse our directory
Talk through your questions
For general mortgage inquiries or help with renewing your mortgage, book a time that works for you and we’ll give you a call back.
Book a phone appointmentTools to help you get on track.
Featured member: Unbuilders
Vancity Planet-Wise Teardown Financing can be used to employ contractors to deconstruct a building. For example, Unbuilders are Canada’s foremost deconstruction and salvage company. They dismantle buildings in a way that saves lumber, windows, doors, cabinets, fixture, fittings and appliances. Deconstruction involves systematically taking buildings apart by hand, keeping at least 80% of building materials out of the landfill.
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