Renovate your Home with a Cambrian Mortgage

Whether you’re looking to renovate your existing home or turn a fixer-upper into the home of your dreams, Cambrian can help with a low rate, flexible terms & personal advice.

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FAQs for Renovating your Home

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Mortgage Offers

Cambrian Variable closed mortgage logo link

1.55 Percent Rate

Save money with our lowest variable rate!

Plus, you can switch to a fixed rate mortgage at any time in the future. The choice is yours.

It only takes 15 minutes

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Logo Showing Cambrian 2 year fixed mortgage rate - 1.95%

1.95 Percent Rate

Get peace of mind with our low fixed rate!

Get pre-approved and we’ll hold this rate for 120 days, giving you time to find your home or transfer your mortgage.

It only takes 15 minutes

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Cambrian Variable Open Mortgage Logo 2.45%

Image showing Cambrian's Variable Open Mortgage rate - 2.45%

The flexibility you want with a low variable rate!

Our Variable Open mortgage let’s you make changes to your mortgage anytime, without penalty.

It only takes 15 minutes

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What you get with a Cambrian Mortgage


  • Low Mortgage Rate

    At Cambrian, we design all our mortgages specifically for our members in Winnipeg and Selkirk. Which is why we keep our mortgage rates among the lowest in the market. Our focus is on saving you time and money.

  • Rate Guarantee

    When you get pre-approved for your mortgage, we will guarantee our fixed mortgage rate for 120 days, so you know that your great low rate is locked in prior to your mortgage maturity date.

  • Quick Approval

    Because we are based in Winnipeg and Selkirk, our team can get your mortgage approved as quickly as you need it. And with our quick 15-minute web application, you can get started right away. 

  • Pay Off Your Mortgage Faster
    We love helping you save money. Which is why you can choose to pay up to an additional 20% of your original mortgage balance every year, without penalty. Make one lump sum payment or make additional payments throughout the year.
  • Local Expertise
    Our advisors live in and intimately know the Winnipeg and Selkirk markets. They are experts on mortgages in the community you’re looking to purchase in.
  • Advice and Care
    Our advisors love helping people just like you renovate your house. Rest assured that they will guide you through each step of turning your house into the home you’ve always wanted.

Buying to Renovate

Found a fixer-upper that could be your dream home with some renovations and a lot of love?

With a Purchase Plus Improvements Mortgage you can borrow an additional 10% of the projected value of the home (value after all renovations are completed).

Let's say your dream home is listed for $300,000 and the projected value once renovations are complete is $350,000. That means you can borrow up to 10% of $350,000 or $35,000 for renovations. This amount would be added to your mortgage.

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Refinance to Renovate

Refinancing your mortgage allows you to borrow up to a maximum of 80% of the current market value of your home in 4 simple steps:

  1. Apply online or book an appointment online.
  2. Ensure your financial information, including your household income, value of your home, and assets are up-to-date.
  3. An appraisal and title search may be necessary to ensure there is enough equity to lend you your requested funds. A Cambrian mortgage expert will be in touch to let you know.
  4. Once approved, you can begin renovating your home!
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Ready to Renovate?

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Quick 15-Minute Application

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