Secondary Suites are they legal or illegal?
Real estate professionals must be aware of the risks and issues when marketing properties with legal or illegal secondary suites (basement suites).
“Suite” under Basement Development or by referring to a “suite” with income or revenue producing potential in the remarks or terms of a listing, the Member must ensure that there is a secondary suite occupancy permit otherwise it is not legal.
If they do not have this permit, they may not be covered for errors and omissions insurance by REIX. RECA may see this action as a misrepresentation.
Lee Bourgeois Edmonton Real Estate Blog