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Own-to-Rent Mortgage

Own-to-Rent Mortgage

Flexibility and affordability

  • Up to 60% of rental income in credit qualification
  • Values your strong credit history and investable assets with the best mortgage rates
  • Full range of product options: fixed/variable, open/closed
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As you diversify your portfolio for greater returns, our strong real estate values and a hot rental market make investing in rental properties appealing. With our Own-to-Rent Mortgage, we factor in not only your income, but your other investable assets as well, when determining the mortgage size and rate you'll qualify for. And we include up to 60% of your expected rental income. Because of this flexibility, you’ll extend your borrowing power – and all at highly competitive rates.

Our Own-to-Rent Mortgage includes the features of our traditional mortgages, such as portability, assumability and accelerated pay-down options.

Own-to-Rent Mortgage Details
Term 6 months to 10 years (open or closed)
  • Choose weekly, bi-weekly, semi-monthly or monthly payment frequency to suit your cash flow
  • Scheduled payments can be increased by up to 15%, on an ongoing basis, once each calendar year
  • For closed mortgages, up to 15% of the original principal can be paid down each year on the mortgage anniversary date
  • For open mortgages, payment frequencies or amounts can be increased at any time, and the mortgage can be paid off without penalty
Rate Fixed or variable – you decide
Amortization Up to 25 years (standard); longer amortizations (up to 30 years) available on qualification
  • Up to 80% of the value of your property
  • We place a higher value than most other financial institutions on rental income when qualifying you for a mortgage
  • Best rates and maximum mortgage (up to $3M) requires verified investable assets at 20% of mortgage request and strong credit history


Own-to-Rent Mortgage (Rates effective 2015-04-13) Rates
Own-to-Rent Mortgage For current rates, speak to a mortgage advisor.

† Rates are subject to change without notice at any time. For more information visit your nearest branch or call us at 604.982.8000 or toll-free 1.888.713.6728.

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