Hi Marta,
It sounds to me like your agreement to purchase should be at $600,000 if $250K is being inherited/is a gift. This purchase price will help lower the LTT simply because it's a lower price point. The LTT will be calculated differently depending on which province the home is located in...
I agree. The basement suite rental is a great option that can give you the best of both worlds right now. Alex, depending on your personal finances and the market conditions/affordability, you might be in the first home you purchase for longer than you're initially planning on so I would make...