Care to share this location more specifically?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??
On Sept 28, the CMHC allow rent from basement suites to be included when applying !!!
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- Dec 22nd, 2015 1:27 pm
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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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