The 2024 Fall Economic Statement brings exciting news for homeowners looking to maximize their property’s potential. With the doubling of the loan limit for the Canada Legal Secondary Suite Loan Program to $80,000, it’s now more affordable than ever to build or renovate secondary suites. Silent Renovations is here to help you take full advantage of this opportunity with our expert renovation services tailored to meet your needs.
What Is the Canada Legal Secondary Suite Loan Program?
The Canada Secondary Suite Loan Program is a government initiative designed to support homeowners in creating secondary suites. These suites can provide additional income, house family members, or increase the value of your property. With low-interest loans now available up to $80,000, homeowners have access to affordable financing for planning, construction, and finishing secondary suites.
Why Build a Secondary Suite?
Secondary suites offer numerous benefits:
Increased Property Value: Adding a secondary suite enhances your property’s overall worth.
Rental Income: Generate extra income by renting out the suite.
Family Accommodation: Provide housing for aging parents, adult children, or extended family.
Market Appeal: With Calgary’s growing demand for affordable housing, secondary suites are a highly sought-after feature.
How Silent Renovations Can Help
At Silent Renovations, we specialize in creating functional and beautiful living spaces. Here’s how we can assist with your secondary suite project:
Design and Planning: Our team works with you to design a suite that meets your needs and complies with local building codes.
Permit Assistance: We navigate the permitting process for you, ensuring everything is done by the book.
Expert Construction: From framing to finishing, our skilled team delivers high-quality craftsmanship.
Tailored Solutions: Whether it’s a basement suite, garage suite, or standalone unit, we customize the project to suit your property.
Why Choose Silent Renovations?
Experienced Team: With years of expertise, we’ve completed numerous successful projects across Calgary.
Community Focus: We employ Deaf workers and aim to create inclusive job opportunities.
End-to-End Service: From consultation to completion, we handle every detail.
Get Started Today
The increased loan limit means there’s never been a better time to invest in a secondary suite. Whether you’re looking to increase your home’s value, create additional income, or provide housing for family, Silent Renovations is here to bring your vision to life.
Contact us today for a free consultation!
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