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Investment Property

Buying an investment property doesn't start with a rate

It starts with discovery, preparation, strategy, and execution.

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Your journey starts here
Discovery1 of 4

What the Numbers Might Look Like

Get a rough sense of affordability, potential rental income, and overall costs—before committing to anything.

Set your home price, location, and down payment to see your estimated total monthly cost. The results card breaks down your mortgage payment alongside home expenses, and shows your projected mortgage insurance and closing costs—including land transfer tax and legal fees. Toggle on rental income to factor in expected rent and see how it impacts your overall monthly position.

Preparation2 of 4

What Needs to Be in Place

Gathering these early is what turns preparation into strategy.

1
Down Payment
Investment properties typically require a larger down payment, often 20% or more. Requirements can vary depending on the property and how it’s occupied, so it’s important to understand what applies before moving ahead.
2
Income & Carrying Costs
Whether the property is currently rented or vacant matters. Rental income can help support the purchase, but it’s not treated dollar-for-dollar. At the same time, the full cost of ownership—including mortgage, taxes, maintenance, and potential vacancy—needs to be considered together.
3
Closing Costs
You’ll still need to account for legal fees, land transfer tax, adjustments, and your deposit. These are part of the overall investment and should be factored in early.
4
Documentation
Income verification, proof of down payment with a minimum 90-day account history, and details of the property. Lease agreements or market rent support may be required depending on whether the property is rented or vacant. If you already own rental properties, details on each—including mortgages, taxes, and rental income—are used to determine any shortfalls or surplus that affect your overall qualification.
Strategy3 of 4

Shaping Your Path Forward

Your goals, the property, and how everything is structured—aligned to make the deal work both now and over time.

1
Align to Your Goals
Not every investment property serves the same purpose. Whether you’re focused on long-term equity growth, positive cash flow, or a balance of both, the right approach should reflect what you’re trying to achieve.
2
Structure the Application
How the deal is structured matters. Rental income, existing properties, and overall debt are positioned in a way that supports the purchase while maintaining flexibility for future opportunities.
3
Confirm Your Approach
There’s a difference between getting approved and making a strong investment decision. Understanding how aggressive or conservative the plan is—and how it holds up over time—helps you move forward with clarity.
Execution4 of 4

From Offer to Closing

Once your offer is accepted, everything that follows is coordinated to close smoothly.

1
Search & Secure
With a clear plan in place, you can move forward confidently knowing the numbers make sense and the property fits your overall strategy.
2
Conditional Approval
Once you have an accepted offer, the lender reviews the property, rental details, and your full financial picture. Conditions are set and worked through.
3
Final Approval
All conditions are met. The lender confirms the mortgage and you’re cleared to close.
4
Closing
Your lawyer coordinates the final paperwork, funds are transferred, and the property is ready for possession.

Ready to Move Forward?

We’ll walk through your situation and map out a clear plan—so you know exactly what to do next.

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No obligation. No credit check required to start.

Awareness

Common Mistakes to Avoid

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Overestimating rental income and relying on best-case numbers

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Ignoring vacancy and ongoing maintenance when evaluating the property

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Buying based on emotion instead of whether the numbers actually work

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Not understanding how rental income is treated by lenders during qualification

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Not understanding your legal obligations as a landlord—tenant rights, lease requirements, and eviction rules vary by province

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Focusing on appreciation without a plan for sustainable ownership

FAQs

Investment Property — FAQs

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Exploring Other Options?

Second PropertyConsidering a cottage or secondary home? Different rules apply.→Access Your EquityAlready own? Put your home’s equity to strategic use.→Calculators & ToolsRun the numbers yourself — affordability, payments, and more.→

Not Sure Where to Start?

That's completely normal. Whether you're exploring your first investment or adding to an existing portfolio, a quick conversation can bring clarity to your next step.

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