What you need to know if your thinking about buying a home with a  basement apartments or inlay suite

In 2011, the Province of Ontario passed the Strong Communities Through Affordable Housing Act. This legislation requires all municipalities in Ontario to update their Official Plans and Zoning By-laws to authorize second units within single-detached dwellings, semi-detached dwellings and townhouses as well as ancillary structures. However, municipalities were allowed to establish regulations (e.g. minimum lot size, minimum number of parking spaces, maximum size of accessory apartment) for accessory apartments or review their existing policies and provisions, if they already allow second units:   Things to look for while searching for the right property are ceiling height, lot frontage, parking, window sizes and exits.  Once you have found a property that your interested in purchasing it is important that you speak with your municipalities building department as well as permits and licensing to ensure you will be able to meet your city standards.  Below are some great links to help get you familiar with the process and can be a great resource to start with. If you have any questions, don’t hesitate to give us a call. We are always here to help. 905-434-2022


Take advantage of a Purchase Plus Improvements Mortgage


You’ve found the house with an affordable price in the perfect neighbourhood with the right number of bedrooms, bathrooms and parking is exactly what your looking for. Then you walk in and it’s completely original. Fortunately you don’t have to walk away from this home.

With the Purchase Plus Improvements Mortgage you can update the home at the time of purchase. Here are some of the benefits.

- You can roll the cost of the improvements into your mortgage
- You don’t have to have money for a down payment and renovations
- The renovations will increase the value of your home
- You will be less tempted to go overboard with costs as you will have a budget

Some of the renovations that are allowed are new flooring, new paint, bathroom or kitchen upgrade. You can even develop your basement or build a garage.

Negotiating a Purchase Plus Improvements Mortgage can be a little tricky. Give me a call or send me an email to discuss this further. After all getting the location and the style of home you want may be just a phone call away.


Categories:   2022 | 2023 | 2024 | Ajax Real Estate | Amberlea, Pickering Real Estate | Annex, Toronto C02 Real Estate | Anti-Flipping Tax | APSLEY Real Estate | Apsley, North Kawartha Real Estate | attractions | back to school | Bank of Canada | Bay Ridges, Pickering Real Estate | Bendale, Toronto E09 Real Estate | Benjamin Tal | best lawn fertilizer | best weed killer | Blue Grass Meadows, Whitby Real Estate | Bowmanville Real Estate | Bowmanville, Clarington Real Estate | Bridle Path-Sunnybrook-York Mills, Toronto C12 Real Estate | Bridle Path-Sunnybrook-York Mills, Toronto Real Estate | Brooklin, Whitby Real Estate | buyers | buying a home | Canada Economy | Centennial, Oshawa Real Estate | Central Oshawa Go Train Station | Central West, Ajax Real Estate | Central, Oshawa Real Estate | Chandos, North Kawartha Real Estate | Christmas | CIBC | City Centre, Mississauga Real Estate | City of Oshawa | Clarington, Durham Real Estate | clean gutters | clean gutters and downspouts | cleaning your deck | corn gluten | corn gluten meal | coronavirus | Courtice, Clarington Real Estate | covid-19 | covid-19, coronavirus | credit card rate cuts, mortgage payment deferrals, COVID-19, coronavirus | curb appeal | December 2023 Market Update | deck | Donevan, Oshawa Real Estate | downspouts | Downtown Whitby, Whitby Real Estate | drainage | Durham | Durham Region | durham region tourism | Fall Market | farms in durham | February 2023 | February 2024 | fertilizer | financing | Foreign Buyer Ban | gardens | Go Train | Go Transit | government of ontario | GTA | GTA Real Estate Stats | gutter | gutter guards | gutter maintenance | gutters | Holiday Season | home maintenance | Housing Forecast | interest rates | Ipsos | January 2023 | July 2023 | June 2023 | Lakeshore East Go Train Expansion | Lakeview, Oshawa Real Estate | lawn | lawn and garden | lawn care | leak prevention | Little Lake, Cramahe Real Estate | lush green lawn | Lynde Creek, Whitby Real Estate | March 2023 | Market Outlook | Market Stats | market update | May 2023 | McLaughlin, Oshawa Real Estate | mortgage | mortgage rates | Mother's Day | New Development in Central Oshawa | Newcastle, Clarington Real Estate | Newtonbrook East, Toronto C14 Real Estate | North Kawartha Real Estate | Northglen, Oshawa Real Estate | Northwest Ajax, Ajax Real Estate | October 2023 | ontario | ontario government | Open Offer Process | oshawa | Oshawa Real Estate | oshawa botanical garden | Oshawa Go | Oshawa Real Estate | Oshawa, Durham Real Estate | Parade | parenting | parks | peony festivael | pick your own strawberries | Pinecrest, Oshawa Real Estate | Port Whitby, Whitby Real Estate | Pringle Creek, Whitby Real Estate | re-open | real estate legislation | Real Estate Market | Real Estate Market Stats | Real Estate Statistics | Redevelopment in Durham Region | Residential Commercial Development in Oshawa | ribfest | Rolling Acres, Whitby Real Estate | Rouge E10, Toronto E10 Real Estate | Rural Cramahe, Cramahe Real Estate | Rural North Kawartha, North Kawartha Real Estate | Rural Whitby, Whitby Real Estate | sales forecast | Samac, Oshawa Real Estate | Santa | Santa Claus | Santa Claus Parade | school | September 2023 | site seeing | social distancing | South East, Ajax Real Estate | South West, Ajax Real Estate | spring cleaning | strawberries | summer events | summer home maintenance | Toronto | Toronto Regional Real Estate Board | Toronto Vacant Home Tax | TRESA | TRREB | TRREB Stats | Trust in Real Estate Services Act | week killer | Whitby Real Estate | Williamsburg, Whitby Real Estate