Insured mortgage refinancing for secondary suite construction to be available starting 2025

By Karunjit Singh ( October 8, 2024, 5:08 PM EDT) -- The federal government has announced that homeowners looking to add secondary suites will be able to refinance insured mortgages, according to an Oct. 8 release. The government has also increased the mortgage insurance home price limit for those refinancing to build a secondary suite to $2 million....