u/Potential_Maize_1128

Buying a single-family home with a basement that has a separate entrance and a simple interior door. The mortgage will be CMHC-insured, and I’ll live in the home as my principal residence. It will remain a single dwelling unit with the City. Planning occasional short-term rentals (Airbnb) of the basement.

I haven’t gotten an insurance quote yet, but I expect it to be slightly higher than a standard homeowner policy because of the short-term rental use.

Has anyone with a CMHC-insured mortgage hosted short-term guests from a basement — did the lender or insurer object? Any advise?

Thank you.