Articles
Ken Bekendam, CEO of King Homes Inc. and a leading expert in land development and secondary dwelling units, has been featured in numerous media articles and podcasts, sharing his insights on housing policy, real estate investing, and innovative property solutions. As a sought-after speaker and industry thought leader, Ken provides expert commentary on the growing demand for additional dwelling units, zoning changes, and strategies for maximizing property value. Whether you’re an investor, homeowner, or industry professional, explore these articles and podcasts to gain valuable knowledge from one of Canada’s foremost authorities in housing and development.
The self-funding house: A one-stop solution to affordability for owners and renters
https://financialpost.com/real-estate/solution-to-housing-affordability-owners-and-renters
The housing affordability crisis continues to challenge communities across Canada, but innovative solutions are emerging to bridge the gap between homeowners and renters. In this insightful article from the Financial Post, experts explore how shared equity models, co-ownership arrangements, and creative financing options can make housing more accessible for both buyers and renters. By rethinking traditional ownership structures and fostering collaboration, these approaches aim to create a more inclusive and sustainable housing market. Whether you're a prospective homeowner, a renter, or a policymaker, this article offers valuable perspectives on addressing one of the most pressing issues in real estate today.
Canada hopes to build more homes by expanding the secondary suite loan program. But will it lead to more units in Ontario?
Canada is expanding its Secondary Suite Loan Program to address the housing crisis by encouraging homeowners to build additional rental units, such as basement apartments or garden suites. The program offers low-interest loans to help cover construction costs, aiming to increase housing supply and affordability. While the initiative has potential, challenges like high construction expenses and regulatory barriers may limit its impact. The success of the program will depend on widespread adoption and support from local governments.
‘It’s a win-win’: Glanbrook councillor sees growing interest in additional dwelling units
Interest in Additional Dwelling Units (ADUs), such as basement apartments or backyard cottages, is growing in Glanbrook, Ontario, as a solution to the housing crisis. Local councillor Brenda Johnson highlights the benefits of ADUs, calling them a "win-win" for homeowners and renters alike. Homeowners can generate rental income, while renters gain access to more affordable housing options. The trend reflects a broader push to increase housing supply and affordability through innovative, flexible living arrangements.
What is the Multigenerational Home Renovation Tax Credit and how do I apply?
The Multigenerational Home Renovation Tax Credit is a Canadian initiative designed to help families create secondary suites for seniors or adults with disabilities. Eligible homeowners can claim up to 15% of renovation costs (maximum $50,000) to build or modify spaces for multigenerational living. To apply, keep detailed receipts and claim the credit when filing your income tax return. This program aims to make housing more adaptable and affordable for families while addressing caregiving needs.
‘Increasing demand’ for secondary units as homebuyers grapple with rate hikes
https://globalnews.ca/news/9847663/housing-canada-secondary-units-demand/
Demand for secondary housing units, such as basement apartments and laneway homes, is rising across Canada as homeowners and policymakers seek solutions to the housing crisis. These units provide affordable rental options and help increase housing supply without major infrastructure changes. However, challenges like high construction costs, zoning restrictions, and financing barriers remain. Experts emphasize the need for government incentives and streamlined regulations to encourage more homeowners to create secondary suites and address the growing demand for affordable housing.
Burlington mayor going with 4.99% proposed budget hike for 2024
https://globalnews.ca/news/10063759/burlington-mayor-budget-hike-2024/
Burlington Mayor Proposes 4.99% Budget Increase for 2024: This piece covers Burlington’s proposed budget hike for 2024, with discussions on how it aims to address local infrastructure and housing needs. The article includes comments from experts like Ken Bekendam on the potential impact of the budget on housing development.
Stronger demand for secondary residential units apparent in some markets: observers
Stronger Demand for Secondary Residential Units Observed in Some Markets: Exploring the rising interest in secondary residential units, this article highlights how zoning bylaw changes in regions like Ontario and Alberta have made it easier for homeowners to add income-producing suites. Insights from Ken Bekendam provide a deeper understanding of this trend.
Canada’s Hopes to Build more Homes by expanding the Secondary Suite Loan Program
Canada’s Strategy to Boost Housing Through Secondary Suite Loans: Addressing the national housing shortage, this article examines Canada’s plan to expand the Secondary Suite Loan Program. Industry experts, including Ken Bekendam, discuss the program’s potential to increase housing supply and affordability.
Proposed garage conversion draws wrath of neighbours
The Hamilton Spectator Article on Secondary Suites: This piece from The Hamilton Spectator delves into the benefits and challenges of creating legal secondary suites, featuring insights from experts like Ken Bekendam on navigating regulations and maximizing property value.