Investment property
Financing an income property, rental condo or plex.
Buying to rent is a different game from buying to live in. 20% down minimum, tighter LTV ratios, rental income only partially counted (50% to 100% depending on the lender), DCR required for plexes. Traditional banks often say no past 4 properties or for non-residents. An AMF-licensed broker who knows this niche knows the lenders who actually back this profile — and structures the file so it gets through.
Who it's for
- You're buying a duplex, triplex, fourplex or larger to rent out.
- You want to convert your current home into a rental property.
- You already own a portfolio and want to refinance it.
- You're buying a condo strictly for rental.
- You're putting together a 5+ unit project (commercial financing).
- You're a first-time investor and don't know how much you can borrow.
What the Courteo network brokers look at
The referred AMF broker digs beyond your credit score to optimize your financing structure.
FAQ — investment property
What minimum down payment for an income property?
20% minimum on most Canadian lender programs for non-owner-occupied properties (4 units or fewer). Above 5 units it's commercial financing with different rules.
Does rental income count toward my qualification?
Yes, partially. Most lenders count 50% of net rental income (rents minus expected vacancy), but some programs go to 80-100%. An AMF broker from the Courteo network knows the programs that maximize your qualification.
Is a plex (5+ units) financed like a duplex?
No. From 5 units up it's commercial mortgage: different analysis (DCR, economic value, management experience), different lenders, often higher down payment (25-35%). The referred broker clarifies your case.
Can I convert my current home to rental and buy a new home?
Yes — classic strategy. The lender recalculates your GDS/TDS ratios including future rental income. The broker prepares the file to demonstrate viability to the lender.
How many rental properties before lenders close the door?
Variable. Traditional banks often cap around 4-5 properties. Beyond that, alternative or commercial lenders. An experienced AMF broker in investment guides you depending on your stage.
Ready to finance your next investment?
2 minutes to start. A Courteo Prêts coordinator calls you back the same business day to clarify your project.