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Updated almost 5 years ago on . Most recent reply

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Harpreet Singh
  • Rental Property Investor
  • Ontario, CA (Ontario)
0
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Is House hacking works in Canada?

Harpreet Singh
  • Rental Property Investor
  • Ontario, CA (Ontario)
Posted

Is house hacking strategy works in Ontario Canada, or in any part of Canada?

Thank you

Most Popular Reply

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Theresa Harris
#3 Managing Your Property Contributor
11,186
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Theresa Harris
#3 Managing Your Property Contributor
Replied

In Canada if you live in the property you can buy with as little as 5% down.  You'd also need CMHC insurance.  In many markets, it is not uncommon to see people with basement suites that people rent for extra income while living in the main part of the house.

  • Theresa Harris
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