Mississauga Now Making it Easier to Register Second Units
Friday Jun 10th, 2016
Great news for homeowners in Mississauga looking to register a second unit, such as a basement apartment, in-law suite or secondary unit. The City of Mississauga is now making it easier and less costly to register second units as part of its commitment to increasing access to affordable housing.
Just this week, City Council approved a new by-law that will improve the registration process for second units – a move that will help homeowners earn additional income and renters find more affordable housing options.
As a result of the new by-law, the City has retracted its current licensing process and will now require that houses containing a second unit be registered.
Registration is free of charge and homeowners will no longer need to purchase or renew a license. Existing second unit license holders will be automatically registered.
In a press release issued on June 8, 2016, Mayor Bonnie Crombie is quoted as saying, “We are improving the way second units are registered to help increase affordable housing in the City. By making the process easier and less expensive, more homeowners and tenants can access safe, affordable housing in our communities.”
As part of the registration process, houses containing a second unit must also comply with the Ontario Building Code, Ontario Fire Code and Zoning By-law. Homeowners will be guided through the registration process to ensure that all second units are safe and up to regulatory requirements.
This recent change to the registration process for second units makes it a great time to consider buying an investment property in Mississauga, or even the Greater Toronto Area. There are many factors to keep in mind when buying an income property, such as financing, location, type of property and other considerations. You want the expertise of a real estate professional – that’s where I can help.