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Buying a property with a rental unit? Read this first

Thursday Aug 31st, 2017

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As 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]

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Robin Evans, Sales Representative & Georgina Blyth, Broker are Realtors with Sutton Group Future Realty Inc, Brokerage in Newmarket, Ontario serving Bradford, Innisfil and Barrie Real Estate
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