Hi there,
Thinking about turning your basement into an apartment to gain extra income?
Adding a legal rental unit to your home isn’t just smart, it’s now more accessible than ever. With the new Canada Secondary Suite Loan Program, you can access up to $80K in low-interest financing and refinance up to 90% of your home’s future value to fund the upgrades.
But before you cash in on rental income, your basement needs to meet strict legal and safety standards, or you could risk fines, failed inspections, or insurance issues down the road.
Whether you're exploring rental income for the first time or ready to move forward, this is the blueprint to get it done right so you protect your investment and your tenants.
Want to learn more? Let's chat.
(No pressure, just smart advice.)
Talk soon,
David
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Check out our featured article:
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Unregistered units = risk. Here are the 5 steps to legalizing a basement apartment, and the common mistakes landlords get flagged for.
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Check out our featured video:
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Did you know a mortgage broker works for you, providing expert advice and flexible options without extra cost.
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Important upcoming dates:
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Upcoming Bank of Canada Interest Rate Announcements:
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Want to learn more? Lets talk
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