Saturday, October 5, 2013

Issue 4 - Secondary Suite



Issue 4 - Secondary Suite

This is one of the mostly asked questions from my door-knocking.  Even though I may lose some support when answering this, I still have to be honest and clearly show my position.

I do not agree on legalizing the secondary suite for rental.

Reason?

  1. Basement is NOT designed for being a long term accommodation facility.  If they want to legalize it, why don’t they allow us to build the 3rd floor on top of our house instead?
  2. Long before any community was developed, development designer & city planners will start with an estimated number of residents in that community to plan & build all infrastructures like road, power, water, sewer etc.  If 20 years after the community was developed, the population of this community increase by 50% due the legalized secondary suite; I am not mentioning parking availability inside the neighborhood, infrastructures planned for this community probably has to be upgraded to support the population increase.  Who’s going to pay for these upgrades? Everyone in the city!  Who get the rental income? The home owner only!
  3. It will also encourage unqualified home buyer to aim for a more expensive house with a legalized secondary suite. As they can qualify the mortgage with this projected income from the rental.  However, whatever happened to the basement tenant and move out; then the home owner may not be able to pay for his mortgage.  The secondary suite might encourage another real estate bubble. 




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