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OngoingOntarioLoans

London Additional Residential Unit (ARU) Loan

City of London

Up to $45K

The loan amount is the lesser of $45,000 or the cost of the eligible works for any ARU type at any rent.

Loan helping owner-occupying homeowners in London pay for creating an additional residential unit on their property.

Open the official page ↗
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Worth a look

How to apply

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Who qualifies

Primary dwelling unit must be owner-occupied; owner must hold and renew a Residential Rental Unit License; ARU cannot be a short-term rental, with tenant leases of at least 31 days; approval required before work begins.

Individuals

Good to know

  • Funding: Repaid over 108 equal monthly payments starting one year after the loan is advanced.

Evidence from the official page

  • amount“The loan amount is the lesser of $45,000 or the cost of the eligible works for any ARU type at any rent.” source ↗
  • amount“The loan is repaid over 108 equal monthly payments, starting one year after the loan is advanced.” source ↗

Verified 2026-10-09 · Medium confidence. Always confirm on the official page before applying.