Buying a property with a rental unit? Read this first
Thursday Aug 31st, 2017
ShareAs housing prices rise, homeowners may look to income from a rented suite to help carry a mortgage. This can be a great strategy if you follow the rules and are well-prepared for being a landlord. Here are five key things to know. 1. There are new rules. The Canadian Mortgage and Housing Corporation now allows homeowners to count 100 per cent of the expected rent from a tenant suite towards their income for a mortgage approval. However, there are strict conditions. The owner must... [read more]
