Leo Constra Developments - Home Renovation Contractors Toronto
Bathroom Renovation
Transform your bathroom into a modern retreat with premium fixtures and finishes.
Kitchen Renovation
Create your dream kitchen with custom cabinetry, countertops and layouts.
Home Renovation
Full-scale home transformations from concept to completion.
Condo Renovation
Maximize your condo space with smart design and expert craftsmanship.
Basement Renovation
Unlock your basement's potential with functional, beautiful living spaces.
Flooring
Premium hardwood, tile and luxury vinyl flooring installation.
Expert renovation services across the Greater Toronto AreaGet a free consultation

Flexible Financing for Your Renovation

We believe a quality renovation should be accessible. Our transparent payment schedule and knowledge of Ontario financing options help you plan your project with confidence and without financial stress.

Our Payment Schedule

At Leo Constra, we use a milestone-based payment structure that protects your investment and aligns payments with visible progress on your project. You only pay as work is completed and verified to your satisfaction.

10%

Deposit

Secures your project date and initiates material ordering. Outlined in your signed contract before any work begins.

30%

Milestone 1

Due upon completion of demolition and any structural work. You will see clear progress before this payment.

30%

Milestone 2

Due when rough-in work is complete, including electrical, plumbing, and framing. Inspections passed at this stage.

30%

Final Payment

Due upon project completion and final walkthrough. We ensure every detail meets your expectations before this payment.

Financing Options for Ontario Homeowners

There are several ways to finance your renovation project in Ontario.

01Home Equity Line of Credit (HELOC)

One of the most popular ways to finance a renovation. A HELOC lets you borrow against the equity in your home at competitive interest rates. Most major Canadian banks offer HELOCs specifically for home improvements, and interest may be tax-deductible if the funds are used to improve the property.

02Personal Loan or Line of Credit

For smaller projects or homeowners who prefer not to use home equity, a personal loan or line of credit from your bank can be a good option. These are typically unsecured, so no collateral is needed, though interest rates may be higher than a HELOC.

03Renovation-Specific Financing

Some financial institutions in Ontario offer renovation-specific loan products. These are designed for home improvement projects and may come with favorable terms. Ask your bank or credit union about renovation loan programs available in your area.

04Credit Card Payments

We accept credit card payments for clients who prefer to use rewards cards or manage cash flow through their existing credit facilities. This can be particularly useful for smaller projects or for the deposit portion of larger renovations.

Ontario Renovation Tax Credits & Programs

Depending on your situation, you may qualify for provincial or federal tax credits that reduce the cost of your renovation.

Multigenerational Home Renovation Tax Credit (Federal)

A refundable federal tax credit for renovations that create a secondary suite for a senior family member (65+) or an adult with a disability. The credit covers up to $50,000 in eligible renovation expenses at a 15% credit rate, providing up to $7,500 back.

Ontario Seniors' Home Safety Tax Credit

Designed for Ontario seniors (65+) to help cover the cost of home modifications that improve safety and accessibility. Eligible expenses include grab bars, walk-in tubs, wheelchair ramps, and other safety-focused upgrades. The credit is worth 25% of up to $10,000 in eligible expenses.

Home Accessibility Tax Credit (Federal)

A non-refundable federal tax credit for individuals who are 65+ or eligible for the disability tax credit. It covers qualifying renovation expenses up to $20,000 for modifications that improve accessibility or reduce the risk of harm in the home.

Canada Greener Homes Grant Programs

While the original Canada Greener Homes Grant program has concluded, energy-efficient home upgrades may still qualify for various utility rebate programs in Ontario. These can offset costs for insulation, windows, HVAC systems, and other energy-saving improvements included in your renovation.

Important: Tax credit programs and eligibility requirements change frequently. We recommend consulting with a qualified tax professional or visiting the Canada Revenue Agency website for the most current information. Leo Constra can provide detailed receipts and documentation to support any applicable claims.

Transparent Pricing You Can Trust

Detailed Written Quotes

Every project starts with a comprehensive, itemized quote so you know exactly what you are paying for. No hidden fees, no surprise charges.

No Pressure, No Rush

Take the time you need to review your quote, arrange financing, and make your decision. We are here to answer questions, not push sales.

Protected Investment

Your project is backed by our 2-year workmanship warranty, full insurance coverage, and WSIB clearance. Your investment is safe with us.

Financing & Payment FAQ

Common questions about paying for your renovation project.

Our standard payment schedule is structured around project milestones: a 10% deposit to secure your project date, followed by three equal payments of 30% at key milestones (demolition complete, rough-in complete, and final completion). This protects both parties and ensures work quality at every stage.

Yes, we require a 10% deposit to secure your project date and begin ordering materials. This deposit is outlined in your written contract along with the full payment schedule. We never ask for the majority of payment upfront.

We accept cash, credit card, debit, and e-transfer (Interac). All payments are documented and receipted for your records and any applicable tax credit claims.

Yes. Many of our clients finance their renovations through home equity lines of credit (HELOCs), personal loans, or renovation-specific financing from their banks. We can provide detailed quotes and project timelines that banks typically require for loan approval.

Ontario has offered various renovation tax credits over the years, including the Ontario Seniors' Home Safety Tax Credit and the federal Multigenerational Home Renovation Tax Credit for building secondary suites for seniors or adults with disabilities. Eligibility varies, so we recommend consulting a tax professional to understand current programs.

Changes during a renovation are common. We handle change orders transparently with a written amendment to your contract that outlines the additional cost and timeline impact before any extra work begins. You will never be surprised by unexpected charges.

Yes. All workmanship is backed by our 2-year written warranty. This covers any defects in our work and gives you peace of mind that your investment is protected.

Contact Us

Licensed & insured contractors delivering residential and commercial projects, including renovations, additions, and custom builds across the GTA.

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