Apply for a loan to repair or build rental or secondary suites

What is the Rental and Secondary Suite Program?

The Rental and Secondary Suite Program is for qualified Yukon landlords to repair and upgrade a current residential rental suite or dwelling, or to construct a new living suite.

Secondary living suites are self-contained living units created within single-family homes or other types of suites like detached garden suites. These suites have a kitchen, bathroom and separate entrance.

Eligibility

• You are a Yukon homeowner or owner of a residential rental unit, or,
• You have a rental suite in need of repair, energy upgrading or accessibility upgrades, or,
• You want to construct a new living suite on your property or within your place of residence, where zoning allows. 

Apply to the Rental and Secondary Suite Program

1. Complete the Rental and Secondary Suite program application.
2. Complete the Verification of Employment form.
3. Submit your application.
   In person: 410 Jarvis Street, Whitehorse, Yukon. Our hours are Monday to Friday from 8:30 a.m. to 5:00 p.m.
   Email: ykhouse@gov.yk.ca

Note: All work on your projects should be completed within 1 year of the approval date.

Loan financing details

• Amortize over 15 years in 5 year terms.
• Interest rates of bank prime +1% for general upgrades or development, or bank prime -1% for accessibility upgrades or development.
• You can borrow up to $35,000 per rental unit. Properties on rented land are eligible for a loan up to $20,000.