Daily Archives: March 16, 2009

By Carson & Dunlops Associates

In a city like Toronto, where the apartment vacancy rate is low and real estate values are high, many people rely on the rental income from a basement apartment to give them the edge they need to own a home. But is it a ‘legal’ apartment? If not, how can it be made ‘ legal’? In the process of legalizing the apartment, will I be inviting ‘trouble’? What if the ‘ city’ prescribes improvements that are prohibitively expensive? What if the ‘city’decides that I can’t have an apartment?
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