Map the whole project
Share land ownership, zoning, permits, design, budget and expected timeline. The feasibility of the complete project matters more than the land value alone.
Understand draw financing
Construction advances generally depend on lender conditions, progress verification and remaining cost to complete. Plan for equity contributions and cash needed between draws.
Plan your exit
Completion may lead to a sale, rental financing or an owner-occupied mortgage. Test that exit and include room for cost overruns, delays and interest carrying costs.
A useful starting checklist
- Project budget and schedule
- Plans, approvals and permits
- Builder contract and experience
- Land details, equity evidence and exit strategy
Continue your planning
Read the related mortgage guideFocus the first conversation
Start with a financing plan for the land, build and completion. Discuss your project in Vancouver, the North Shore or elsewhere in BC with Amir Fetanat.
| Your situation | What to discuss |
|---|---|
| Before construction | Land details, intended use, approvals and a realistic budget |
| During the build | Funding stages, project progress and cash needed between advances |
| At completion | Your proposed sale, rental or long-term mortgage plan |
A practical starting example
For a proposed small residential project, bring a one-page summary of what you own today, what you plan to build and how you expect to repay the financing. Avoid treating an estimated end value as an approved loan amount.
Common questions
What belongs in the first project summary?
Include the site, current ownership, proposed building, permit stage, budget and timeline. Identify what is confirmed and what remains an estimate.
Why discuss cash flow before construction begins?
Costs and payment dates may change as work progresses. BDC recommends early financing discussions, realistic costing and a contingency plan for commercial builds. Confirm the advance process in your own lender agreement.
Is land financing the same as a construction commitment?
Treat them as separate questions when reviewing an offer. Ask what is approved now, which conditions remain and whether later advances require another review.
Public reference, checked September 24, 2026: BDC: planning a commercial construction project. Program rules differ. This page is general planning information.
Discuss your construction project
Share your goal, location and timing. Send financial documents only through the secure application channel.