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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 1-800-769-25111-800-769-2511 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.

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You have a lot of choices when it comes to your mortgage – from the type of rate, length of term to the kind of insurance to consider. Learning some fundamentals now can help you make the decisions that are best for you.