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​CHRIS HEIDT

tekamar mortages ltd​ 

Growing Cannabis in your home ...UPDATED

10/26/2018

 
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What a difference a day makes...

My last post about not growing pot in your home elicited a ton of response, some of it quite heated, and I stand corrected...
In speaking with our local CMHC representative she says CMHC has no issues if you grow the legal 4 plants PER HOUSEHOLD (not per person) in your home, and she says most mortgage lenders shouldn't as well, THOUGH CMHC does leave the  lenders to make their own policies and procedures in this regard. She did caution that house insurance may still be an issue, and YES, in speaking with  insurance agents they may ask additional questions about where and how you might be growing pot in your home, BUT for the most part, growing the Legal 4 Plants per household, SHOULD NOT present problems when financing, buying or selling your next home. I still would exercise caution, but the wording of mortgage and real estate law is concerned with ILLEGAL activity, so just keep that in mind if you want to grow cannabis in your home.
Man, I think I need a beer...


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