Ordinary Canadians can build wealth with investment properties. The first step begins with talking about an investment property mortgage.

Across the country, ordinary Canadians are building personal wealth with investment property.

The market is clearly there. In fact, the investment property market continues to be strong in most markets in Canada, with a steady supply of renters for residential, commercial and retail properties.

An investment property is also being increasingly viewed as a pension plan for the future, particularly since so many Canadians are not covered by workplace plans. Over the long term, an investment property can be a great source of retirement funds. Rental income typically pays for most or all expenses and property appreciation has often outperformed stocks and bonds over the long term.

This is not just an investment for well-established business people and experienced homebuyers. Savvy first-time buyers are often jumping in with both feet: purchasing a duplex or triplex, and then managing the additional units to pay down the mortgage while they make a start on home ownership.

There are many reasons to consider investing in property. Here at Team RRP it is our goal to help our clients grow their personal wealth through Real Estate.

If you are thinking about building wealth with an investment property, give us a call at 604.879.2772. We can help you determine your down payment options and run the financial calculations that you’ll want to see for cash flow and capital appreciation.

“I really appreciate the time you have taken to ease my clients into real estate investing. Somewhat nervous first time partners need this comfort of information received in a timely manner – I really do thank you for understanding this and responding positively. Your summary of next steps including mortgage details is excellent. You truly have made my work easier and more enjoyable. I am blessed to have you on my side. Thank you so much.”

Mike E

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Investment Mortgage FAQ’s

QUESTION: HOW MUCH OF A DOWN PAYMENT IS REQUIRED?

Answer: Most lenders require a bare minimum of 20% down on rental properties with the majority looking for 25% for best rates.

QUESTION: WHERE CAN I SOURCE MY DOWN PAYMENT?

Answer: Your down payment for your investment property can come from your existing cash savings, from liquid investments, a refinance of your existing residence, and a few select lenders allow a portion of it to come in the form of a gift from a directly related family member.

QUESTION: IF THE RENT ON THE PROPERTY IS GREATER THAN MY EXPENSES, I SHOULD HAVE NO PROBLEM QUALIFYING FOR THE LOAN I AM SEEKING, RIGHT?

Answer: Not necessarily. Lending institutions have different guidelines in regards to how they treat rental income. Some are very conservative, and others are more generous. We can help determine which lenders are going to provide you with the most favourable calculations for your qualification.