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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Thursday, August 3, 2017

15% of secondary suites are illegal says survey

A survey of 5,500 house owners in BC, Ontario and Alberta has found that 15% of them are illegal.

The poll by insurance firm Square One also revealed that 11% of all home owners surveyed rent out part of their home with 14% in Alberta, 13% in British Columbia and 9% in Ontario.

"We wanted to conduct this survey for two reasons," says Daniel Mirkovic, Square One's President. "We're noticing an increase in inquiries by house owners that are renting a portion of their home to non-family members. We wanted to understand what was driving this increase. We also wanted to understand how house owners are coping with municipal laws relating to rental suites in single-family homes."

Extra income was the main reason for renting out part of the home (40%) followed by helping with the mortgage (34%) and for companionship (13%).

Square One's survey found that 17% of rental suites in detached houses are considered illegal with the highest percentage in Ontario (21%) followed by British Columbia at 15%, and Alberta at 14%.

"Most municipal regulations for secondary suites ensure residents have adequate and safe housing options," states Mirkovic. "But some, like the one rental suite per single-family house, are just outdated. It's hard to understand why cities advocating for more affordable housing options would continue to enforce this outdated regulation."

MBN

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