Househacking is a popular way to earn passive income through real estate, and it involves renting out a part of your living space. This approach is ideal for those who own a home and want to offset expenses or pay down their mortgage. The good news is that you can househack regardless of your housing type, whether it's a house, condo, or any other type of property. Here are some options to consider:Rent...
If you're considering adding an accessory dwelling to your property, it's important to review the following checklist beforehand:Check with your local municipal planning and building department to determine if an accessory dwelling can be added to your property and to learn about licensing and parking requirements.Hire an architect or BCIN designer to help with designing the unit, as they can ensure that...
An Accessory Dwelling Unit (ADU) is a self-contained unit that includes a kitchen, bathroom, and sleeping area. While commonly referred to as a "basement apartment," ADUs can be located on any floor or even outside of the main house. However, the regulations governing ADUs vary from city to city, and compliance with both the zoning by-law and the Ontario Building Code is required to add one to a property.A...
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