You’re Not Alone—And You’re Not Out of Options
If you bought a pre-construction home or condo in 2020, 2021, or 2022 and your appraisal came in low as you prepare to close, you’re not alone—many Canadians are facing the same unexpected challenge.
The appraisal came in lower than the purchase price. The lender won’t fund as much as you expected. And suddenly, your new home purchase—something you planned for, waited on, and invested in—feels like it’s slipping through your fingers.
You’re not alone. This is happening all across Canada, and it’s not because you did anything wrong. The market has changed, and buyers are the ones being squeezed.
Low Appraisals and Reduced Mortgage Offers
After two years of rising interest rates, market volatility, and changing lender policies, we’re seeing a surge in new build appraisals that come in below original purchase prices. This means the bank or lender is now calculating your mortgage based on the appraised value—not what you agreed to pay in your contract.
Today, most A and B lenders are capping mortgages at 705 loan-to-value (LTV) based on the lower appraisal. Private lenders have tightened further, often offering just 65–70% of appraised value.
And with rising qualification rates, even approved buyers are being told “no” at the final hour—sometimes weeks before closing.
Concerned You Won’t Be Able to Close Your Purchase?
It’s a stressful situation—especially when you’ve already made your deposit, prepared your finances, and waited patiently through the construction process. No one expected that financing would become the most significant obstacle at closing.
You may be asking yourself:
- “What happens if I can’t close?”
- “Will I lose my deposit?”
- “Why won’t my lender cover the purchase price?”
- “Do I have any options left?”
You’re not the only one asking these questions. And while every situation is unique, the good news is that you don’t have to figure this out alone.
There May Be a Way to Cover 100% of Your Purchase Price.
We’ve helped clients in situations just like this—where the appraisal came in low, the mortgage fell short, and the closing date was approaching fast.
And in many cases, we’ve been able to structure solutions that cover 100% of the purchase price.
No gimmicks. No shortcuts. Just experience, lender access, and creative thinking.
Your Mortgage Lender Might Have Said “No”—We Say Let’s Talk
If your current lender can’t help, that doesn’t mean there’s no solution. It simply means you need to explore different options—and fast.
We understand the urgency. We know the stress. And most importantly, we understand what lenders are looking for in this environment.
Our job isn’t to give you a one-size-fits-all plan. It’s about learning your situation, assessing the numbers, and helping you find the best way to close—calmly, legally, and on your terms.
Book a Private Consultation
If you’ve recently received a low appraisal or if your lender has reduced the mortgage amount you were counting on, now is the time to talk.
We’ll walk you through what’s possible, what’s realistic, and what the next steps look like—no pressure, no commitments—just clarity and support.
100% confidential | Licensed | National lender network
We’ve helped dozens of buyers across Canada whose appraisal came in low, but still closed successfully. Let’s talk before your closing becomes a crisis—we’re here to help.
👤 About the Author
Devon Jones is a licensed mortgage broker with Sunlite Mortgage. With almost thirty years of experience navigating complex closings, Devon specializes in helping clients protect their deposits and complete their purchases—even when lenders pull back.
