Rental Property Mortgages for Small Landlords at Canada’s Mortgage Marketplace™
Our lenders understand rental income – access your best mortgage with lenders ready to compete for your property, whether you’re renting out one extra unit or a larger portfolio.
Financing your rental property shouldn’t mean settling for one bank’s rental-income rules.
Buying or refinancing a duplex, triplex, or fourplex comes with its own qualification math — how much of your rental income counts, what your down payment needs to be, whether you qualify for an insured mortgage as an owner-occupier. Banks and CMHC don’t all treat that math the same way, and the difference can cost you. Our competing lenders are ready for your rental property application, and if your property is part of a larger multi-unit portfolio, we have lenders for that too. Save time, and invite Canada’s most innovative lenders (some you have never heard of) to compete for your mortgage.
You built the rental portfolio. Find the terms you deserve here.
Competing Lenders
With one personalized adaptive application, anonymously receive multiple lender proposals. Our lenders include Canada’s most competitive start-ups and established lenders — many with dedicated rental and multi-unit programs.
Apply ‘Incognito’
We keep you anonymous until you choose to act. If you move forward, only your chosen lender receives your contact info. No sales calls (but we are here to help if you need us).
Apply Your Way
Take control of the application process. Start when you are ready—work at your own pace. Leave and come back later, we are 100% online.
Frequently Asked Questions
How much of my rental income counts when I apply for a rental property mortgage in Canada?
It depends on how the lender calculates it. For its Income Property mortgage loan insurance, the Canada Mortgage and Housing Corporation (CMHC) says up to 50% of the gross rental income for the property may be included, or a net rental income approach may be used, where lenders can apply their own guidelines (gross rents minus operating expenses). Lenders don’t all treat rental income the same way, so one application that puts your profile in front of multiple competing lenders, many with dedicated rental and multi-unit programs, lets you compare.
What down payment do I need for a rental property in Canada?
For a 2-to-4-unit rental property that you don’t live in, CMHC’s Income Property insurance sets a minimum equity requirement of 20%, which is up to 80% loan-to-value. CMHC adds that additional conditions may apply and that the information is subject to change, so confirm the current rules before you commit. Apply Financial’s competing lenders finance 1-to-4-unit rental properties, many with dedicated rental and multi-unit programs.
What happens after I submit a rental property mortgage application at Apply Financial?
You complete one online application, at your own pace. Lenders see your financial profile, not your name or contact details. Depending on the strength of your application, up to 11 lenders can respond, and offers come within 24 hours of a completed application. We run a soft credit check, which does not affect your credit score. You review the offers and choose one. Only the lender you choose receives your name and contact information, and there are no sales calls.
Ready to get started?
Start your pre-approval application
Ready to start shopping for your next property? Take your time filling out your pre-approval application in our secure environment
Start your mortgage application
Ready to make an offer on your next property? Take your time filling out your application in our secure environment
Time to renew or refinance?
Is your current mortgage coming due in the next 6 months? Let’s find your best rollover offers from competing lenders
Crunch your numbers here
Not sure yet? Find out how much you can get approved for — rental income included — in less than 5 minutes.
Our Best Rates Today
See our live, regularly-updated Insured, Conventional, and Multi-Family mortgage rates.
Our Competing Lenders Include
Ready to compare pricing? See current Mortgage Rates, including our Multi-Family table, alongside Insured and Uninsured options.