01/07/2025
We can help to obtain building permit to qualify for Secondary Suite Incentive Program- Financial support to homeowners looking to create secondary suites, also known as accessory dwelling units (ADUs) including basement suites, laneway houses, and garden suites.
Key benefits to eligible homeowners are to get up to $40,000 in forgivable loans to cover 50% of the construction costs for new secondary suites.
Homeowners must meet the following criteria:
•Be the registered owner of the property and use it as their primary residence.
•Have a combined gross annual income of less than $209,420 for all owners on the title.
•The property must have an assessed value below the homeowner grant threshold ($2.15 million in 2024).
•Obtain necessary building permits for the new suite (must be dated April 1, 2023, or later).
•Rent the new suite at below-market rates for at least five years to qualify for loan forgiveness.
Additional Eligibility Criteria:
•Tax and Mortgage Payments: Property taxes and mortgage payments must be up to date.
•Insurance: Insurance must cover the full replacement value of the property.
•Residency: Applicants must be Canadian citizens, permanent residents, or refugees.
•No Bankruptcy: Applicants must not be undergoing bankruptcy.
•Debt-to-Value Ratio: The total of all mortgages and liens on the property must not exceed its market value.
•The property must remain the homeowner’s principal residence.
•Tenant cannot be an immediate family member (spouse, parent, child, or sibling).
Unfortunately, there are ineligible projects:
•Renovations started before approval.
•Cosmetic upgrades and landscaping.
•Solar panels and health-support equipment.
•Only projects with building permits issued on or after April 1, 2023, are eligible.
Application Process
•Assess your property for a secondary suite and consult with local zoning officials to ensure compliance with all regulations.
•Secure Financing: Discuss financing options with your lender and ensure you have the funds to cover your share of the construction costs.
•Obtain necessary building permits from your local municipality.
•Submit Your Application: Complete the application form for the Secondary Suite Incentive Program, including all required documentation such as proof of income, property ownership and building permits.
•Complete Construction: Once approved, proceed with the construction of your secondary suite. Ensure that all work is inspected and meets the required standards.
•Rent Your Suite