Buy a second property

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 Buying an investment property
Whether you want to generate regular rental income or invest in a longer-term real estate opportunity, we can help you purchase a residential investment property with the RBC Investment Property Mortgage.

Features and benefits of an investment property mortgage



The RBC Investment Property Mortgage can provide financing for up to 80% of the appraised value of your rental property.



A Mortgage Solution to Meet Your Needs

Offering competitive rates and a range of terms, the RBC Investment Property Mortgage may be the ideal solution if you're considering:

  • Acquiring a rental portfolio of one or more properties to build income and equity
  • Converting your current home to a rental property
  • Purchasing a property for your child to live in

How to Qualify for an Investment Property Mortgage

To qualify for an RBC Investment Property Mortgage, you must have a good credit history, demonstrate sufficient rental income (either through existing tenancy documentation or an opinion of market rent), and have enough non-rental income to meet the obligations of the mortgage.

Not sure where to start? Talk to an RBC mortgage specialist, who can help you decide whether an investment property is right for you.

Required Documentation

The following documentation is required to complete your mortgage application:

  • Your most recent Notice of Assessment
  • Your most recent T776
  • Current lease agreements and/or opinion of market rent

Additional documentation may be required based on the structure of the application. Please contact us at 1-800-769-2511 for a complete list of other documents that may be required.

Down Payment

Investment properties with one to four units are not eligible for high ratio default insurance—a down payment of at least 20% is required.

Start Your Online Mortgage Pre-Approval

Lock your rate and know exactly how much home you can afford. Start your pre-approval online and an RBC®
mortgage specialist will be in touch within 24 hours to help you complete your pre-approval application.

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