You can afford it – with no money down
We recently made two new posts about the new government program that allows you to re-finance your existing home mortgage, and extract money to build a laneway house or garden suite.
HERE is a post with a VIDEO with details.
HERE is more information.
This is the right time of year to plan
Not a lot of “opening” construction takes place at this time of year, mostly for obvious (weather) reasons, and because almost nobody has time or space for additional work during the holiday season.
That back yard isn’t gettting an better use these days
We’ll sum this up one way: The kids are not getting any younger.
You can make the unit “dual use” and maybe a duplex in the future
What a lot of people do not realize, is that the laneway house or garden suite can have more than one use.
For example…
Eveybody could use a get-away space
What a lot of people do not realize, is that the laneway house or garden suite can have more than one use.
For example…
There has never been more options and companies to help
We started with laneway houses in Toronto in the summer of 2018. In 2022, the new rules came in for garden suites. Now, with over 1,500 projects planned, under construction, or completed (see the map HERE), there are hundreds if not thousands of options, and dozens of dedicated companies more than capable of bringing your project to a very successful conclusion.
Real estate values are not dropping
There was some concern, when interest rates were rapidly rising, that the effect would be decreased housing values.
Interest rates are likely dropping
Every indication is that interest rates are coming down from their recent spike
Everybody else is doing it
Of course, “others are doing it” all on its own is not a good enough reason that you should do it.
Prepare for the electric future
One of the positive and general overall property upgrades often required when you add a garden suite is an electrical upgrade.
