Updated over 2 years ago on . Most recent reply
Live in BRRRR
Hey crew, looking to buy a townhouse to live in & remodel then move out & rent it out. I believe the rule in Canada is if you put 5% down you must stay in a residence for at least one year before moving out to rent.
What if we remodel & get an appraisal that gives us greater than 20% equity in the home, does that rule still apply? Or could we move out at that point say it’s 3 months after moving in? Hope that makes sense. Thanks!