Have you considered developing an Income Suite for your new home?
What is an Income Suite you ask? An Income Suite is a separate dwelling inside a single detached house with separate cooking, sleeping and bathroom facilities.
Let renters pay your mortgage
Average current rent for a 2 bedroom income suite in Edmonton is $1200,00/month.
Cost of Home: $529,000
Mortgage Payments Before Income Suite: 2,263.53/month
Mortgage Payments After Income Suite: $1161.53/month (with rent being applied to your mortage payments)