One of the most exciting—and timely—ways GTA buyers are using Purchase Plus Improvement Mortgages is to build in-law suites or legal secondary rental units. Not only does this option create a flexible living space for family members or aging parents, but it opens the door to meaningful rental income, making homeownership more attainable and sustainable. Projected income from a new rental suite can even help buyers qualify for a larger mortgage, effectively boosting purchasing power and helping offset monthly payments right from day one.

In-Law Suites for Multi-Generational Living

Purchase Plus Improvements programs let buyers fund in-law suites or basement apartments right at closing, so multi-generational families can move in together from the start. With housing affordability top of mind in the GTA, this is a practical solution for families looking to combine resources while maintaining privacy and independence—all under one roof.

Offset Your Mortgage with Rental Income

Legal rental suites are not just a bonus for property value—they can generate steady rental income to help with mortgage payments. Lenders may consider the projected rent when qualifying buyers, which can be the difference-maker for securing the home that truly fits long-term needs. For buyers, this means the chance to invest in a property that not only grows in value but pays for itself month-to-month.

If you’re curious about how a Purchase Plus Improvements Mortgage can help you create an income suite or in-law unit—and how much extra buying power that could unlock in the GTA—reach out for a tailored consultation. Finding those “just right” homes, and making them work harder for your future, is what it’s all about.