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ARTICLE · 20 FEBRUARY 2025

Common Real Estate Queries: Lending For A Construction Project (Video)

Gowling WLG
Gowling WLG
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Gowling WLG

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In 2019, Ontario required the payment to a general contractor to be made within 28 days, and payments from the general to its subcontractors within 7 days of that payment being made. If there is a valid reason to not pay all or a portion of the invoice, notice must be given within 14 days of receiving the invoice

CanadaReal Estate and Construction

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I am Mark Giavedoni, a commercial real estate and lending lawyer at Gowling WLG.

This video is part of our Real Estate Topics for Lenders Series.

In this video we will be discussing Lending for the purpose of a Construction Project.

Lending to a landowner who is undertaking a construction project can be a challenge by virtue of all the moving parts and various players involved.

Generally the lender will advance funds to the owner/borrower against evidence that the construction contract is proceeding and the borrower will pay its general contractor and consultants, who will then pay their subcontractors and sub consultants all the way down the chain.

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