Government Incentive Program
Ottawa lends you
$80,000 at 2%.
The Canada Secondary Suite Loan Program finances legal secondary suites. We handle your entire application at no extra charge.
The best financing
a suite has ever had
Announced in the 2024 Fall Economic Statement, the Canada Secondary Suite Loan Program offers eligible homeowners up to $80,000 at just 2% interest over 15 years to add a legal secondary suite. Combined with Calgary rents, it can make your suite effectively pay for itself.
At Grains Construction we guide you through the entire incentive application at no extra charge: eligibility checks, documentation and submission, alongside a suite built to qualify.
- Up to $80,000 in federal financing
- 2% interest, 15-year term
- Application handled at no extra charge
- Suite built to program requirements
How We Help
Three steps,
all on us
01 · Eligibility Check
We verify your project meets all program criteria before submitting, maximizing your chances of approval.
02 · Documentation
We prepare and organize every supporting document needed for a complete and successful application.
03 · Application
We manage every form, deadline and submission step on your behalf, from start to approval.
How It Works
A process with no surprises
-
01
FREE CONSULTATION & VISIT
We visit your home, discuss your goals and measure the space, free of charge.
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02
FREE LAYOUT & DRAWINGS
Your layout and drawings prepared free, so you see the plan before you commit.
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03
PERMITS & APPROVALS
City of Calgary applications and approvals handled for you from day one.
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04
CONSTRUCTION & ROUGH-INS
Framing, electrical, plumbing and HVAC by licensed trades, with a rough-in walkthrough.
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05
INSPECTIONS & FINISHING
City inspections at every required stage, then drywall, paint, flooring and the details.
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06
WALKTHROUGH & WARRANTY
Final walkthrough together, backed by our 1-year workmanship warranty.
What is the Canada Secondary Suite Loan Program?
A federal program offering eligible homeowners up to $80,000 in low-interest financing at 2% over 15 years to build a legal secondary suite, announced in the 2024 Fall Economic Statement.
Who is eligible for the secondary suite loan?
Homeowners adding a legal secondary suite to a home they own, meeting program criteria around ownership, occupancy and suite legality. We verify your eligibility before you commit to anything.
Does Grains Construction charge for application help?
No. Eligibility checks, documentation and the full application are handled at no extra charge with your suite project.
Can I also refinance my mortgage to fund a suite?
Yes. Since January 2025, insured mortgage refinancing rules let eligible homeowners refinance up to 90% of post-renovation home value to add a suite. We walk you through both options.
Does the loan cover Airbnb suites?
The program targets long-term rental suites. Short-term rental plans may not qualify; we confirm during your eligibility check.
