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The True Value Of Basement Income

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....

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CMHC to Allow 100% of Suite Income

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...

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