Rental and Vacation Property Mortgages
Investing in Rental Property?
We're here to help. If you are thinking about investing in a rental property there is an expanded selection of mortgage products available. We can help you get the best financing solution at the best rate. Most lenders will lend on the on properties up to four-plexes. Different lenders have different rules for how many rental properties you can have before you are considered a commercial enterprise. There are also differences in the types and locations of properties that different lenders will consider. Properties with past “leaky condo” or "grow-op" problems will need to be disclosed to the lender and your Mortgage Advisor will assist you.
Being an informed landlord is critical to the success of operating rental properties. The Residential Tenancy Act of BC governs residential tenancies, including landlord obligations. Please review the Guide to Residential Tenancy in BC, and print a copy for your renter as well.
Rental agreement forms are also available as well as other forms for rent increases, tenancy termination etc.
Second and Vacation Homes 
Whether it's a second home in the city to reduce that weekly commute, or a cottage at the lake for weekend getaways, you can buy that property sooner, depending on the equity you have in your other property. Programs vary depending on your circumstances, so talk to us for your best options.