For builders, owners, and developers working construction projects in the province where the construction loan will have to be paid out by a long term mortgage, the process for securing an Ontario construction take out loan can take some time to complete, especially within the current recessionary period that is now gone into 2010.

Its not that take out mortgages are necessarily difficult to secure. The issue is that lenders have become more particular in their due diligence process and are less likely to fork over a commitment in any where near record time.

So if you want to get a good deal when its required, you need to be planning farther in advance.