How to Finance Your Modular Home in Northern Ontario: A Guide to Grants, Programs, and the RBC Partnership

Building a new home is one of the most exciting journeys you’ll ever take, but for many in Northern Ontario, the question of how to finance a modular home is the first hurdle.

The good news? Financing a modular build has become more streamlined than ever, and there are several programs designed to help you get into your dream home sooner. From provincial grants to our exclusive banking partnerships, here is everything you need to know about funding your project with North Shore Quality Homes.

1. The Advantage of the RBC Modular Home Program

The most significant hurdle in traditional construction is often the "draw" system, which can be slow and complicated. To solve this, Royal Bank of Canada (RBC) has developed a specialized financing program specifically for the modular industry.

We are proud to share that North Shore Quality Homes is a preferred partner with RBC. What this means for you:

• Pre-Approved Reliability: Because we are a recognized partner, the financing process for our models (like the Tamarack or our Chalet series) is significantly more efficient.

• Tailored Loan Structures: RBC understands that modular homes are built in a controlled environment and delivered to your site, and their loan products are designed to match that unique timeline.

• Peace of Mind: Working with a bank that trusts your builder takes the guesswork out of the financing stage.

2. Ontario’s Secondary Suite Incentives

If you are looking at one of our Mini Modular Homes or smaller Bungalows to use as a secondary suite (also known as an Accessory Dwelling Unit or ADU), Ontario has made it easier than ever.

The provincial government has introduced legislation allowing up to three units on many residential lots. Furthermore, many municipalities across the North—from Sudbury to Parry Sound—offer local grants or forgivable loans to homeowners who build secondary suites to increase housing density. These programs can often provide thousands of dollars in funding to help cover the costs of your build.

3. Energy Efficiency Grants (Enbridge & Federal Programs)

Because North Shore Quality Homes are built in a climate-controlled environment, they are incredibly airtight and energy-efficient. This makes many of our models eligible for energy-efficiency rebates.

• The Canada Greener Homes Initiative: While programs evolve, there are often federal and provincial incentives for homeowners who choose high-efficiency builds that reduce carbon footprints.

• Long-term Savings: Beyond the initial grant, financing a high-efficiency modular home means your monthly carrying costs (heating and cooling in our tough Northern winters) will be significantly lower than traditional builds.

4. HST New Housing Rebate

Don't forget the GST/HST New Housing Rebate. If you are building a modular home in Ontario to be used as your primary residence, you may be eligible to recover some of the tax paid on the purchase. This can put thousands of dollars back into your pocket once the project is complete.

Take the First Step Toward Your New Home

Financing doesn't have to be the part of the project that holds you back. Between the RBC Preferred Partner status and the various Ontario housing initiatives, the path to homeownership in Northern Ontario is clearer than ever.

Ready to see which model fits your budget? [Explore our Models] or [Contact the Team] today to discuss how we can help you navigate the financing process for your project.