Purchase + Improvements Plan - Canada

[Joseph Costanza]

Hello Bigger Pockets,

I am just starting out on my real estate investment journey and would just like to thank you all for the help thus far. The forums, blogs, private messages and other information has been an amazing educational experience.

In my search to find a reliable real estate agent in my area I was directed to a Mortgage Broker who spoke to me about a "Purchase + Improvements Mortgage Plan". I admit, I haven't spent much time looking into this type of plan, but it seemed too good to be turn. In my doubt I feel there is a catch that I am not seeing. Can anyone speak on this subject or direct me to an article / forum that will give me more information? 

I am not sure if the plan changes per area, but I am located within Toronto, ON, CA and am looking to invest in Hamilton, ON, CA.