Feds doubling loan limit to build secondary suites in homes, increasing 30-year amortizations

By Anosha Khan ( December 10, 2024, 4:52 PM EST) -- The federal government has announced that it will double the loan limit under the Canada Secondary Suite Loan Program to $80,000, launching the program in early 2025. This was said to “make it easier for homeowners to convert an unused basement into a rental apartment or a garage into a laneway home” to increase density in communities....