We are so excited to be launching our monthly meetings again after a wonderful summer break!
Our first topic of the season is Secondary Suites which was inspired by the recent announcement of CMHC financing changes.
This month we will learn:
- How you can take advantage of this change
- The pros and cons of investing in Secondary Suites
- Comparing several areas to understand the by-laws and licensing requirements
- Other factors that could make you lots of money or break your deal
- We will have a panel of market experts available to answer any questions you may have
- We will answer questions regarding conversions, legalization, and operations
CMHC recently announced that they will now be accepting 100% of the gross monthly income of secondary (Income) suites to help with mortgage qualification!
We all know that secondary suites are a great way to get started in Real Estate, whether you will be occupying the house and renting out your basement, or renting both suites while collecting a monthly pay cheque. Get the knowledge you need to make informed decisions!