Posts Tagged ‘secondary suites’

Secondary Suites Made Easier

Saturday, September 12th, 2015

Home ownership income

Thinking about installing a secondary suite in your home to generate some extra income? There’s no better time than now, as the City of Calgary is waiving Development Permit requirements until March, 2017.

To qualify, your home must be properly zoned for a secondary suite and must meet Land Use Bylaw requirements.

The City is interested in making it easier for homeowners to develop secondary suites, increasing the inventory of lower-cost rental suites on the market. For more information, click here. And as always, you can reach me through my contact page.

Safe Secondary Suites

Tuesday, September 17th, 2013

secondary suites

City council has been debating what I expect will be a hot topic in upcoming civic elections: secondary suites, where they can be, and how easy they should be to add to the market. Mayor Nenshi was pushing for major revisions to laws around the suites, but the majority of council preferred small, incremental changes: secondary suites damaged in the flood that had been grandfathered in, for example, can be rebuilt without rezoning, for example, much to the relief of the overwhelmed rental market. And a pilot project has been launched to inspect secondary suites for safety and adherence to code, which should come as a relief to tenants looking at their single window and wondering if they could actually crawl out of it in a fire.

So, good stuff, if perhaps not particularly groundbreaking. With the sales market in Calgary as hot as it is, with prices up more than eleven percent over last year, though, there are bound to be more residents looking to rental properties as a stopgap until deposits can be saved up – and plenty of investors will want to be capitalizing on their property holdings by adding basement suites for additional income. Surely once debates begin in the aldermanic races, lines are going to be drawn showing where each candidate stands on increasing our city’s stock of secondary sites, and that could seriously affect outcomes in ridings popular with, say, university students. This is a topic to watch.

Flooded Basement Suites

Tuesday, July 30th, 2013

The impact to the city from last month’s flooding continues to make itself felt, aggravating an already serious shortage of rental spaces. As rental vacancy rates approach zero percent, properties that had secondary suites grandfathered in are now having to be rebuilt according to current zoning, meaning those suites are gone for good.

Alderman John Mar proposed a mass approval of secondary suites to ease the rental crunch, but that proposal was defeated (although, not by much); it is sure to be raised again in the lead up to this fall’s municipal election. The City, since 2009, has been offering homeowners in appropriately zoned areas grant money to create secondary suites, handing out $9 million in three years. Including illegal dwellings, there are well over 60,000 secondary suites in Calgary.

Some people love secondary suites: they’re a great way to generate income from a property, and provide quality accommodations for quiet students and working singles. Others cite traffic concerns and a loss of ‘community feeling’ when more renters enter a neighbourhood. How do you feel? Has the flood, and its fallout, made you more agreeable to having secondary suites permitted where you live?

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.