Investing & Rentals
Investment Property Mortgages in BC & the Kootenays
Real estate can be one of the best ways to build long-term wealth — if your financing is set up properly. I’m Andrew Ladriere from Myplace Mortgages in Cranbrook, and I help investors across BC and the Kootenays buy rentals, access equity, and keep growing their portfolios.
Whether you’re buying your first rental or refinancing to buy another, I’ll walk you through down payment rules, rental income policies, and which lenders make the most sense for investors.
Why Use a Broker for Investment Mortgages?
Not every lender treats rental income the same way. Some only use a percentage of the rent, some use full market rent, and some have stricter debt ratio rules. That’s why working with an independent broker matters — I can match your file to the lender whose policies help you qualify more easily and keep buying.
- Access to multiple lenders who understand rentals and multi-unit deals
- Financing built around your long-term plan, not just one purchase
- Help structuring income, debts, and rental offsets so you can buy again
My job is not just to get this deal approved — it’s to keep you in a position to buy the next property too.
Down Payment & Qualification Rules
Investment and rental mortgages have slightly different rules than a regular owner-occupied home. Here’s what most buyers in BC can expect:
- 20% down is typically required for a non-owner-occupied rental
- 5%–10% down may be possible if you will live in one unit (duplex, suite, etc.)
- Lenders will look at your current debts and the rental income from the new property
- Some lenders use “rental offset” while others use “rental add-back” — I’ll choose the one that helps you qualify best
If you tell me your price range and whether it’s a single-family, suite, or small multi-unit, I can tell you quickly how much down you’ll need.
Using Your Home Equity to Buy Another Property
A lot of investors don’t use cash — they use the equity in their current home or rental to buy the next one. This is called refinancing to invest.
In many cases you can access up to 80% of your home’s value and use those funds as the down payment on your next rental. I’ll help you do it safely and make sure the new mortgage still fits your ratios.
Rental & Multi-Unit Mortgage Options
Financing a rental is not the same as financing your own home. Lenders pay closer attention to the property type, the rent, and how the deal will cash flow. I regularly help clients finance:
- Single-family rentals
- Homes with legal suites or basement suites
- Duplexes, triplexes, and four-plexes
- Smaller multi-unit and local investment properties
Tell me where you’re buying — Cranbrook, Kimberley, Fernie, Invermere, Creston or anywhere in BC — and I’ll tell you which lenders will look at it.
Plan for More Than One Property
Good investing isn’t just “can I buy this one?” — it’s “can I buy the next one after this?” That’s why I look at your current mortgage, income, and debts and show you how to position yourself for the next purchase.
With the right structure, you can reuse equity, keep your cash flow healthy, and grow your portfolio without surprises.
Ready to look at numbers?
Text me your situation — what you own now and what you want to buy — and I’ll tell you the best way to finance it.