Condos and townhomes are some of the most popular home choices in Vancouver. They come in many variations and offer a convenient lifestyle.If you are thinking of buying a condo or townhome,

Dated: May 28 2020
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In this blog, we will be talking about what makes a suite legal or not. There are many illegal (or unauthorized) suites in the Greater Vancouver due to the high rent and cost of owning a home. It is useful for buyers looking for houses with a secondary suite such as renting out the basement to provide additional income. This blog will help you conclude if renting out an illegal suite is worth the risk or not.
A legal suite has the proper zoning, adheres to BC building codes, meet the city's building permit requirements and has a business license if you want to rent it out as an income. An illegal suite does not have approval under BC building codes or city permits for numerous reasons. The main concern is the proper safety protocols of these suites. Many of them do not comply with all the rules yet are rented out.
Risks associated with illegal suites:
Many home owners question whether building and maintaining a legal secondary suites is worth the hassle or not.
Benefits of having legal suites:
To conclude, renting out an additional suite(s) can provide nice additional income but it is important to remember the risks involved if the suite being rented out is not authorized.
Remember that is is only a general rule-of-thumb, different circumstances will call for different action.
Please reach out to us and we can see what works best for you!
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Canada Home For Sale is dedicated to provide quick information for Buyers and Sellers who may be looking to purchase or sell their home now or in the future. We explain and discuss the most common mi....
Condos and townhomes are some of the most popular home choices in Vancouver. They come in many variations and offer a convenient lifestyle.If you are thinking of buying a condo or townhome,
Homebuyers often debate whether to get a home inspection or not. When a buyer doesn't get a home inspection he or she is relying on the seller to disclose everything that’s wrong with the.
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In this blog, we will be talking about what makes a suite legal or not. There are many illegal (or unauthorized) suites in the Greater Vancouver due to the high rent and cost of owning a home. It is