“Canadians work hard, and they deserve a good home to come back to at the end of the day – one that’s within the communities they love. Equitable Bank is proud to continue playing a lead role in financing projects that support housing accessibility in Canadian cities.”
The Laneway House Mortgage is offered on properties that are free and clear, or in combination with new or existing mortgages where Equitable Bank holds, or will hold, the first position. The loan is available to homeowners through the bank’s mortgage broker partners.
It is also part of the bank’s bid to support housing densification. Other efforts include lending towards the development and renovation of multi-unit residential projects such as apartments, condominiums, student housing and other types of multi-unit housing in major cities. In 2023, Equitable Bank funded $3.4 billion in loans for multi-unit residential properties.