Canada hopes to build more homes by expanding the secondary suite loan program. But will it lead to more units in Ontario?

Imagine building a basement unit or laneway home to help your children realize the dream of home ownership, or helping your aging parents live independently in their own place.

As part of its fall economic statement, the federal government announced plans to help homeowners add secondary suites to existing homes by doubling the loan limit for the Canada Secondary Suite Loan Program from $40,000 to $80,000.