Use the equity in your home to generate extra income

Put your money to work by getting a home equity line of credit to build an Accessory Dwelling Unit (ADU) on your property. Convert your garage or basement, or build a backyard cottage for rental income. Plus, an ADU can increase the value of your home.

Types of ADUs:

* Detached new construction — Build a backyard cottage, granny flat or laneway house

* Garage — Convert part or all of the garage into an apartment

* Basement — Renovate the basement into an apartment or in-law suite

* Internal — Convert part of the primary house other than the basement into a rental

Let’s review your current mortgage so we can determine your best option.