Buy a second home or investment property
Whether it's a cottage, a rental property, or a vacation home - we find the best financing from 65+ lenders for your second property purchase.
Get financing for my property →5–20%
Down payment required
4.39%
From (rental property)
38%
Canadians own 2+ properties
$2,100
Avg monthly rental income
Types of second property mortgages
Vacation / cottage
5% down possibleRecreational properties require 5–20% down. Some lenders offer special cottage programs with flexible qualifications.
Rental / investment
Use rental income to qualifyInvestment properties typically need 20% down. Rental income (usually 50–80%) can help you qualify for a larger mortgage.
Second residence
Lower rates than rentalRelocating for work or family? A second home for personal use may qualify for lower rates than a rental property.
💰 The investment case
Canadian real estate has averaged 6.3% annual appreciation over the past 20 years. Combined with rental income, a $500,000 investment property with 20% down ($100,000) could generate substantial returns. Use our mortgage calculators to crunch the numbers for your scenario, or fund the down payment through an equity takeout on your primary residence.
Annual appreciation (6.3%)
$31,500
Annual rental income
$25,200
ROI on $100K down
56.7%
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