This Page’s Content Was Last Updated: April 2026
This Page’s Mortgage Rates Were Last Updated: April 27, 2026 2:28 PM ET
Rental/investment purchases usually require 20%+ down
Rates are often higher than insured owner-occupied mortgages
Lenders count only a portion of rental income for qualification
Stress test often applies with banks (and many lenders apply their own version)
Investor strategy should focus on cash flow + renewal flexibility
Rental home mortgage rates in Canada typically fall under uninsured/uninsurable pricing tiers, because investment properties usually require 20% down and are assessed with stricter underwriting rules.
Rates vary based on:
Down payment size (20% vs 25%+)
Credit score and overall debt profile
Rental income strength and method used
Property type (condo, duplex, triplex, etc.)
Amortization and lender category (A / alternative / private)
Most lenders require:
20% minimum down for 1–4 unit rental properties
Higher down payment for higher-risk files or certain property types
5+ units often moves into commercial lending
Learn more about down payment rules on your mortgage journey here.
Learn more about today’s best mortgage rates in Canada.
This Page’s Mortgage Rates Were Last Updated: April 27, 2026 2:28 PM ET
Important: Actual pricing depends on credit, income, down payment, property type, and lender program.
Lenders rarely use 100% of rent. Common approaches include:
A portion of rent (often 50%+) is added to your income.
Rent offsets part of the housing expense, improving debt ratios.
If the unit is vacant or new, lenders may use appraiser market rent.
This is where brokers win: the right lender + calculation method can dramatically change your approval amount.
Learn more about our rental mortgage program here.
Credit score & credit depth
Down payment size (20% vs 25%+ can change pricing)
Property type (condo vs freehold vs multi-unit)
Amortization (25 vs 30 years where available)
Debt ratios and existing mortgages
Lender tier (A vs B vs private)
Identity
2 pieces of ID (front/back)
Income
Salaried: LOE + pay stubs
Self-employed: NOA + T1 (and additional business docs if needed)
Property
MLS listing
Purchase agreement
Existing lease agreements (if tenanted)
Appraisal may be required
Down payment
Source of funds statements
Check out our Mortgage Document Checklist for a complete list of documents required based on your specific mortgage journey.
Often yes, because pricing is usually uninsured/uninsurable.
In most cases, yes.
Yes, but lenders only count a portion and methods vary
Often yes with banks; some lenders apply their own version.
Sometimes, depending on condo status, fees, and lender policy.
stable cash flow today
renewal flexibility in 3–5 years
refinance options if rates shift
risk control (vacancy, repairs, taxes)
We build the mortgage around the investor’s plan—not just the lender’s rules.”
Simplify your financial planning with our full calculator suite:
Best fit for:
Investors buying non-owner-occupied properties
Buyers with 20%+ down payment
Borrowers with stable income and good credit
Buyers planning to hold long term and manage cash flow risk
Buyers who need less than 20% down
Buyers relying on “future rent” with weak income support
Borrowers with tight ratios and little reserve savings
Anyone without a realistic vacancy/repair reserve plan
We help you:
Compare investor rate tiers across lenders
Choose the best rental income calculation method
Model stress test impact and renewal scenarios
Structure a portfolio plan (next property strategy)
Decide if B-lender or private is needed (and how to exit)
Explore Related Mortgage Resources:
Mortgage Penalties – Understand potential break fees and costs
Uninsurable Mortgage Rates – Compare rates for non-insured properties
If you’re looking for rental mortgage rates in Canada and unsure which rates fits your situation, we’ll run the numbers and guide you through your options.