Investment & rental

The number of units in the building and whether or not you’ll be occupying one of the units are the two major components that control what your financing will look like. Most buildings with 1-4 units are zoned residential, so the qualification criteria and financing options from lenders are similar to what you have on your principal residence. 


However, buildings with 5 or more units are zoned commercial, so a lender would require that you take out a commercial mortgage on it.


If you have a passion for real estate investing or if you're currently a real estate investor, we would like to invite you to check out our exclusive club. 

Real Estate Investment Club

The Club's meetings are made up of group discussions, where all present participate on equal terms, sharing experiences and deepening relations. Our meetings will focus on a theme, sub-sector or micro market. 

Rental/Investment Mortgages

Up to 80% for Residents

Purchasing investment/rental property can be an excellent way to increase wealth and provide passive income. With real estate prices consistently appreciating over time in Canada it is an excellent time to be considering these options.

There have been many changes to investment mortgage products therefore there are options for real estates investors wishing to purchase new properties. This is the perfect reason to develop a relationship with experienced mortgage broker at MyMortgage.ca.


Options available today to Real Estate Investors include:

  • 20% Down Mortgage
  • 35% Down Line of Credit

65% LTV (Non Resident)

U.S. residents and residents of other countries seeking to purchase a second/vacation home in Canada for their personal use or to be occupied by a child attending school in Canada or for investment purposes. 


This program allows conventional mortgage financing up to and including 65% Loan to Value for US Residents and up to 50% for All Other Non-Residents


U.S. Residents: 65% of the first $500,000 of the property lending value, and 60% of the value over $500,000


All Other Non-Residents: 50% of properties valued up to $1,500,000


Borrower Documentation Requirement

 If the property is to be occupied by the borrower’s child, documentation verifying enrollment in a Canadian College or university is required.


U.S. Residents: Minimum 35% from own resources; No secondary financing or gifted funds are permitted; Funds must be on deposit with a Canadian financial institution at least 30 days before the closing date


All Other Non-Residents: Minimum 50% from own resources; No secondary financing or gifted funds are permitted; Funds must be on deposit with a Canadian financial institution at least 30 days before the closing date