Grow your real estate portfolio with competitive rates and expert financing strategies for rental and investment properties.
Real estate investing is one of the most reliable wealth-building strategies in Canada — and the GTA market continues to offer strong rental demand and long-term appreciation. Whether you're buying your first rental property or adding to a growing portfolio, securing the right mortgage is critical to your investment's success.
Investment property mortgages have different requirements than owner-occupied purchases. At Mortgage Wave, we specialize in navigating these nuances and finding the best financing solutions from lenders who actively support real estate investors.
| Requirement | Details |
|---|---|
| Minimum Down Payment | 20% (no CMHC insurance available for rental properties) |
| Interest Rates | Typically 0.10%-0.25% higher than owner-occupied rates |
| Rental Income | Most lenders use 50%-80% of rental income to help you qualify |
| Credit Score | Minimum 680 recommended (higher is better for best rates) |
| Debt Service Ratios | GDS ≤ 39%, TDS ≤ 44% (including rental income offset) |
Detached homes, semi-detached, and townhouses used as rental properties. Popular with first-time investors.
Duplexes, triplexes, and fourplexes. Owner-occupied multi-units can qualify with as little as 5% down.
Investment condos in Toronto, Mississauga, and the GTA. We know which lenders approve condo investments.
Multiple properties? We work with lenders experienced in portfolio lending to help you scale efficiently.
Investment property ownership comes with important tax implications. While we're mortgage experts (not accountants), here are key points to discuss with your tax advisor:
Yes! Most lenders will use 50% to 80% of the expected or actual rental income to offset the property's carrying costs when calculating your debt service ratios. Some lenders are more generous than others — we know which ones give you the best treatment.
Most A-lenders will finance up to 4-5 properties total. Beyond that, we work with alternative lenders and portfolio lenders who specialize in investors with multiple properties. There's no hard limit — it depends on your overall financial strength and equity position.
Typically yes, by about 0.10% to 0.25% compared to owner-occupied rates. However, through our network of 50+ lenders, we often find competitive rates that minimize this premium. The right lender can make a significant difference.