Financing
What residential rental properties qualify for financing?
Most financial institutions will finance the following investment property purchases:
Rental properties, such as apartment buildings
Condominiums
Retirement homes
Nursing homes
Mixed-use properties, such as apartments with commercial spaces
Other forms of co-ownership (such as co-op, co-housing, undivided interest, and life lease)
The Canada Mortgage and Housing Corporation (CMHC) is Canada's leading provider of mortgage loan insurance for multi-unit residential buildings. With CMHC-insured loans, borrowers can obtain mortgage financing up to 85% of the value of the property without a maximum dollar amount and therefore reduce the amount of equity needed.
Return to: Investment Properties or Specialty Properties
Dale has answers to a lot of your questions and more professional tips to make your real estate transaction more pleasurable.
Call or E-mail Dale or click on "Ask Your Own Questions."
Dale can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like him to help you locate a home, please fill out his Information Request Form.
Or perhaps you are considering selling your home in the near future, he can also offer you a Free No-Obligation Market Evaluation Form.
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