Bringing Secondary Suites Above Board in Calgary
Incentives and Programs
Canada Mortgage and Housing Corp. reports over 1,500 secondary suites underway in Calgary. The federal government’s new Secondary Suite Loan Program offers up to $40,000 in low-interest loans for homeowners. Calgary’s Secondary Suite Incentive Program provides up to $10,000 for qualifying homeowners to build secondary suites. These initiatives, along with updated zoning regulations, aim to increase the number of legal basement suites.
Current Trends
Builders are incorporating legal secondary suites into new constructions, with a significant increase in such projects. Excel Homes reports that nearly 60% of their new homes now feature legal suites.
Builders are incorporating basement suites into new builds, reflecting a growing trend among homeowners and builders.
Approval Process
To build a secondary suite, homeowners must navigate several steps, including:
- Submitting site and floor plans, and safety documentation.
- Obtaining plumbing, electrical permits, and meeting construction requirements like ceiling heights and fire safety.
Building Requirements
Key requirements include:
- One suite per dwelling unit.
- Minimum ceiling heights and fire-rated construction materials.
- Egress windows, soundproofing, and separate heating and electrical systems.
Cost and Demand
Building a secondary suite typically costs between $55,000 and $75,000. With Calgary’s rental and housing crises, the demand for such suites is high, making it a potentially lucrative investment for homeowners.
