06/11/2026
Secondary suites have become the gold standard for house hacking in 2026 β and there's a reason why. π β£
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The Canada Secondary Suite Loan Program, administered through CMHC, now offers homeowners up to $80,000 at a fixed 2% rate over 15 years to build or convert a secondary suite β double the program's original limit. For buyers who need more, CMHC's refinancing program allows access to up to 90% of your home's post-renovation value. β£
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Secondary suites include: β£
πΉ Basement apartments β£
πΉ Laneway houses β£
πΉ Garden suites β£
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They're increasingly legal, federally supported, and proven in the rental market. If affordability is your biggest barrier to homeownership, a property with secondary suite potential might be the solution. β£
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