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Skyscrapers and Sky

Thinking About Buying an Investment Property?

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There are various investment property options available to you and we can help you realize your dream of owning an investment property.  


Types of Properties:


Owner-Occupied Property


An owner-occupied property is a property that you live in one portion of the property, and you rent out the other portion of the property.  For example, you might rent out the basement, or you might opt to buy a duplex or triplex where you will occupy one unit and rent out the other units.


Down Payment:     

5% of the first $500,000, plus 10% of any amount over $500,000.


Mortgage Insurance:    

CMHC offers mortgage insurance if you don’t have 20% down.

Tax Implications:     

You can claim expenses related to the rented area of your investment property.  You must also declare income received from renting out the other area or units of your owner-occupied property.   

Non-Owner-Occupied Property


If living in the same building as your tenant doesn’t’ sound enjoyable, investing in a separate rental property is also an option, however there are different things to consider.


Down Payment:     

20% minimum down payment required.


Property Insurance:    

Insurance companies will charge a higher rate for non-owner-occupied property insurance as they are considered riskier. As a landlord you will want to really vet your tenants if you are not living in the building or nearby.


Tax Implications:    

You can claim expenses related to your investment property, but you must declare the income.


Investment Property Expenses


The following are examples of tax-deductible expenses (please consult with a tax specialist or your accountant for tax advice):

  • Interest paid on your mortgage

  • Property taxes

  • Insurance premiums

  • Maintenance and upgrade costs

  • Property management fees (e.g. if you have hired a property manager and/or maintenance worker)

  • Utility bills (if they are included in the rent

Investment Property Mortgages

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