Unlock the Potential of Your Home with Calgary’s Secondary Suite Incentive Program

As your trusted real estate advisor, I'm always on the lookout for opportunities that can help you maximize the value and potential of your property. Have you been considering adding a secondary suite to your home? Are you looking for ways to generate extra income, create a mortgage helper, or invest in your property’s future? If so, the City of Calgary's new Secondary Suite Incentive Program might be just what you need to turn those plans into reality.

Why Build a Secondary Suite?

Added Income and Increased Property Value Imagine having a steady stream of rental income to help pay off your mortgage faster. A secondary suite can serve as a valuable mortgage helper, making homeownership more affordable and financially secure. Moreover, a well-designed, code-compliant suite can significantly boost your property’s market value, making it a wise investment for the future.

Safety and Compliance Are you concerned about the safety and legal aspects of adding a secondary suite? Building a registered secondary suite ensures that you meet all necessary safety codes, protecting you from potential liability issues. The Secondary Suite Incentive Program provides up to $10,000 to help cover the costs of essential safety upgrades, including:

• Egress windows: $1,500
• Hardwired and interconnected smoke and carbon monoxide alarms: $1,000
• Protected exiting: $1,000
• Smoke tight barrier: $4,000
• Split heat/separate air systems (if required): $6,000

This financial support makes it easier to create a safe, compliant, and attractive living space for tenants.

How to Take Advantage of the Incentive Program

To qualify for the program, you must have an active building permit for your secondary suite and own the property through the entire process. The incentive applies to suites built within your main dwelling, not to backyard or detached suites. If you’re ready to get started, you can apply for a building permit through the City of Calgary’s online portal at apply.calgary.ca.

Are you unsure about the process or have questions about whether your suite would qualify? That's where I come in. I can guide you through each step, from applying for permits to ensuring your suite meets all safety requirements. My goal is to make this process as smooth and stress-free as possible for you.

Is a Secondary Suite Right for You?

Consider the following questions:

• Do you want to generate additional income from your property?
• Are you looking for ways to enhance your home’s value and appeal?
• Could a secondary suite provide a practical solution for multi-generational living or accommodating family members?
• Are you interested in contributing to Calgary’s housing needs while securing your financial future?

If you answered "yes" to any of these questions, then building a secondary suite could be a fantastic opportunity for you. The Secondary Suite Incentive Program is designed to help you achieve these goals by providing the necessary financial support and ensuring your suite is safe and compliant.

Let’s Get Started!

If you’re ready to explore this exciting opportunity, or if you simply need more information, don’t hesitate to reach out. As your dedicated real estate advisor, I’m here to help you navigate the process and make the most of this incredible incentive program. Together, we can unlock the potential of your home and create a space that benefits you and the community.

Visit calgary.ca/secondarysuites for more details, or contact me directly to discuss how we can make your secondary suite plans a reality. Let's turn your vision into a valuable, income-generating asset today!