The majority of homeowners will agree that real estate has been one of the most attractive investment categories in Canada for the past decade. If you are thinking about investing in a rental property there is an expanded selection of mortgage products available, and we can help you get the best financing solution at the best rate. Different lenders have different rules for how many rental properties you can have before you are considered a commercial enterprise. There are also differences in the types and locations of properties that different lenders will consider. Properties with past “leaky condo” or “grow-op” problems will need to be disclosed to the lender.
There are many things to consider if you’re considering an investment in real estate. We can help you navigate these tricky scenarios. We have access to a number of lenders who offer specially constructed mortgage solutions for rental properties. At Sandhu & Sran Mortgages in Abbotsford can help optimize your cash flow and loan pay down, and make the management of this investment that much less stressful.