Real Estate

On Sept 28, the CMHC allow rent from basement suites to be included when applying !!!

  • Last Updated:
  • Dec 22nd, 2015 1:27 pm
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Deal Addict
User avatar
Sep 4, 2005
4114 posts
2261 upvotes
Toronto
boyohboy wrote: So can someone just go buy a 4 million house and claims there will be 5 rental tenants as incoming?

One area I drive by everyday in Richmond Hill has 1 big house which has at least 10 cars in the driveway, which has parking lines drawn like it's a strip mall.... could be one of those multi-rental perhaps??
Care to share this location more specifically?
Deal Fanatic
Mar 15, 2005
6023 posts
1871 upvotes
Bad change for the market. Will allow people to leverage even further off what is potentially an unstable, non-guaranteed income stream.

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