Despite the federal government’s January 15 launch, big banks are slow to offer the new secondary suite refinancing program. Homeowners can refinance up to 90% of their property value to add rental units, but many lenders are still reviewing the details.

Key Updates:

• Only BMO, RBC, and National Bank currently offering the program.

• Smaller lenders like Coast Capital are also on board.

• Contact your lender for more details.