Whether you own, plan to own or plan to sell a home with a suite, be aware of the legality of the secondary accommodation. Check with the local community government on how to ensure or make a suite, if not legal, at least safe for family or tenant use. Not doing so can be very costly.
The link below is a newspaper article about a fatality from a fire in a basement suite.
In September, the federal government will launch the First-Time Home Buyer Incentive, an interest-free loan that doesn't require monthly payments. The incentive is intended to help reduce monthly mortgage payments without increasing the amount needed to save for a down payment.
How does it work?
Eligible homebuyers with the minimum down payment for an insured mortgage can apply to finance a p ...
Bill deMooy has been attracted to multi-purposed homes for most of his 35 years in the real estate sales business. Originally created in 2012, HomesWithSuites is emerging to be a hub of information, support services and source to more easily find houses, townhomes and condominiums that offer secondary accommodations.