It was more accident than intention that led Anni Jansson to buy her first investment property in the growing Calgary suburb of Airdrie, Alta., in 2006. Ms. Jansson, 39, had planned to live in the three-bedroom townhouse herself, but fate intervened when she met...
News and Research
The True Value Of Basement Income
With affordability being as tough as it is in today’s market, basement income means more than ever before. $600 per month? Think about how much mortgage that carries… I wrote an article for The Grid last year where I said I wasn't a huge fan of basement rental units....
CMHC to Allow 100% of Suite Income
The market for houses with basement apartments may get a little hotter. CMHC has announced it will allow 100% of the rental income from legal secondary suites to be used when qualifying for a mortgage. Currently it allows 50%. Read more at Canadian Mortgage...
Thinking of renting that basement suite? Tips for first-time landlords
When my husband and I were shopping for a home, a basement apartment seemed like a no-brainer. House prices in downtown Toronto were already sky-high, so we loved the idea of someone paying us $800 a month to live in a space we could do without. We knew we’d have to...
TREB: Second suite could be key to second income
Second suites, also known as accessory apartments, granny flats, or in-law suites were legalized by the Ontario Municipal Board and are legal in all single family and semi-detached homes, provided they meet certain criteria. Read the rest of the Toronto Sun article
Rental stigma to face as housing prices climb, researcher says
In another decade, renting will no longer be a dirty work when it comes to housing in the Toronto region, predicts a researcher who has looked at housing markets in Europe and Australia. Read more at thestar.com
Poster: Thinking About Adding a Second Suite?
A Second Suite is more than just a basement unit. Second Suites are found in many different areas of a home or building.Download and print the poster.
Financial Considerations: An Information Guide for Homeowners Thinking About Adding a Second Suite
Detailed information on the financial considerations for Second Suite owners. The Financial Considerations Guide contains information about the financial benefits and challenges of owning and...
Poster: Infographic on Steps to Creating a Second Suite
In this handy infographic find all the steps to creating a Second Suite including research, zoning, permits, and more.Download and print the poster.
Creating a Second Suite: An Information Guide For Homeowners
Find out everything you need to know about setting up a Second Suite in your home. The Guide to Creating a Second Suite explains the process of creating and upgrading authorized Second Suites in...