Making Secondary Suites More Accessible: What You Need to Know About the New Secondary Suite Loan Program
Starting January 2025, homeowners can access $80,000 in low-interest loans (2% over 15 years) to build income-generating secondary suites. New refinancing rules will also allow insured mortgages up to 90% of post-renovation value with extended 30-year terms, making suite development more affordable and achievable.
Boost your property value, create rental income, and help tackle Canada’s housing shortage. Start planning now!




