Catherine Melville explains the secondary suite rules in British Columbia

Unlocking Housing Potential in BC with the $40,000 Secondary Suite Grant

Introduction to the Secondary Suite Incentive Program: British Columbia’s housing market faces significant challenges, including affordability and availability. In response, the provincial government has introduced the Secondary Suite Incentive Program (SSIP). This initiative aims to encourage homeowners to create new secondary suites by offering a forgivable loan of up to $40,000. This financial support covers

Catherine Ellis Melville is an expert Mortgage Broker in Kelowna BC

Update – BC Changes rules for short term rentals

This week brought noteworthy updates from the BC Government, specifically the introduction of the Short-Term Rentals Accommodations Act. Here’s a breakdown of key points you should be aware of: The act introduces a new principal residence requirement that limits short-term rentals to: The host’s principal residence, which is the dwelling where an individual resides for