Department of Finance Canada: Remarks by the Deputy Prime Minister on making it easier for homeowners to build secondary suites

Department of Finance Canada

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Remarks by the Deputy Prime Minister on making it easier for homeowners to build secondary suites

by Department of Finance Canada on Wednesday 11 December 2024 02:35 PM UTC+00 | Tags: speeches
We are making it easier for homeowners to add secondary suites, rental apartments, in-law suites, laneway homes. Today we are announcing we are doubling the loan limit for the Canada Secondary Suite Loan Program to $80,000. This program offers 15-year loan terms at just two per cent. That makes it easier for homeowners to add a secondary suite. It's going to be administered by CMHC and it will launch in early 2025.
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