Dominion Lending CentresPart of the DLCG, Canada's #1 mortgage originator · $84.5B in 2025.
Construction · Land

Land acquisition financing.

Lots, development land, and assemblies — carried from purchase through entitlement to shovel-ready. BC and Alberta.

Land is the asset banks respect least and developers need first. It earns nothing, costs money to hold, and its value lives mostly in paperwork that doesn't exist yet — the rezoning, the subdivision, the permits. Land financing prices exactly that gap, which is why every approval you win is worth real leverage, and why the smartest land loan is structured around its own funeral: the construction facility that pays it out at shovel-ready.

What we finance

From a single lot to an assembly.

Building lots

A serviced lot for the future home — held until the build plan and permits catch up.

Development land

Raw or entitled acreage carried through rezoning, subdivision, and servicing.

Land assembly

Adjacent parcels acquired and held together for a redevelopment play.

Raw & unserviced land

The hardest land to finance — placed with the few lenders who'll touch it.

Entitlement carry

The rezoning and permit years funded so the project survives to shovel-ready.

Land refinance

Equity pulled from owned land to fund soft costs, servicing, or the next parcel.

Lender comparison

The land phase — and its exit.

Land loan (private / alternative)
Best for: Buying or holding land before construction financing can exist
Leverage: Up to ~50–65% of land value — raw land lower; entitled or serviced higher
Rate: Land pricing — above built-property rates, set by entitlement and liquidity risk
Term: 1–2 years while approvals progress
Qualifying: Asset-based; typically a single advance at closing

The defining feature of land lending is what it lacks: income. The lender's whole security is the dirt and your plan for it — which is why entitlement progress moves your leverage more than any negotiation.

Assembly / inter-alia structures
Best for: Multiple parcels held as one redevelopment position
Leverage: Blanket security across the assembled titles
Rate: Private pricing per the assembly's stage and risk
Term: 1–2 years, extended as the project advances
Qualifying: Combined-equity based, with the redevelopment plan underwritten

One facility over several titles keeps the assembly financeable as it grows — and releases parcels cleanly if strategy changes.

The construction take-out
Best for: Every land file — the exit is a construction facility, not a renewal
Leverage: Institutional construction to 75% of project cost; MLI Select to 95% loan-to-cost on qualifying rental
Rate: Construction pricing takes over at shovel-ready
Term: The land loan pays out the day the construction facility funds
Qualifying: Full project underwriting — lined up early, on purpose

We start building the construction file while the land loan is still young: the most expensive land loan is the one that renews twice waiting for a financing plan that should have existed at purchase.

Ranges are typical and for illustration — last reviewed July 2026; land pricing varies more than any built asset class and is confirmed lender-by-lender for your parcel.

Case Studies

Files like yours.

Case studies for this category are being added — check back soon. In the meantime, see how we structure real files on our case studies page.
Land financing FAQ

Common land questions.

How much can I borrow against land?+

Typically 50–65% of value — raw, unserviced land at the low end, entitled or serviced parcels at the high end. The gap between those numbers is the market pricing entitlement risk: every approval you win literally increases what lenders will advance.

Why won't my bank finance a lot purchase?+

Land produces no income, can take years to resell, and burns cash while it waits — everything institutional credit dislikes. Most land lending in BC and Alberta is private or alternative capital by design, with the bank arriving later, at the construction phase.

What does land financing cost?+

More than built-property money — pricing sits above standard private mortgage rates and moves with entitlement status, location, and liquidity. The honest comparison isn't land loan vs mortgage; it's carry cost vs losing the parcel or the assembly window.

How does financing work for a land assembly?+

Usually one blanket (inter-alia) facility registered across the assembled titles, growing as parcels are added. It keeps the position fundable as a single project and lets individual titles release cleanly if plans change — the structure matters as much as the rate.

When should the construction financing conversation start?+

At land purchase — genuinely. The land loan's exit is the construction facility, and on rental projects the CMHC MLI Select runway alone is 9–12 months. Files that sequence land, entitlement, and construction as one plan borrow cheaper at every stage.

Can I pull equity out of land I already own?+

Yes — a land refinance funds soft costs, servicing, or the next acquisition against parcels you hold, within the same 50–65% leverage discipline. It's the standard way an assembly funds its own completion.

File preparation

Buying dirt? Have these ready.

Talk to a specialist

Found the parcel? Plan the whole stack.

Send the parcel and the plan — we'll price the land phase and sketch the construction exit in the same conversation, so the carry never outlives the strategy.