Vancity Reports Early Uptake for Multiplex Construction Mortgage With $60.4 Million Approved

Overview

• Vancity says its first-in-market loan has backed more than 45 duplex, triplex, and fourplex projects since its Fall 2025 launch.
• The mortgage can cover up to 80% of project costs, which cuts the upfront cash needed to start small infill builds.
• Borrowers can make interest-only payments for up to 18 months during construction, easing cash flow until units are sold or rented.
• Flexible terms for co-owners and rental income offsets during qualification aim to help households pool resources to build gentle density.
• The credit union is showcasing the product at a Vancouver multiplex housing event with staff available for interviews as it seeks to grow adoption across Metro Vancouver.