Mortgage Blog

Your Guide to an Investment Property Mortgage in Canada

August 2, 2026 | Posted by: Matt Shepherd

Understanding Rental Property Mortgages in Burlington and Beyond

Investing in real estate is a powerful way to build long-term wealth. Whether you are looking at a single-family home or a larger multi-unit rental, securing the right investment property mortgage in Canada is your first crucial step. At Jason Woods Mortgages in Burlington, ON, we specialize in helping investors navigate the complexities of financing rental properties. We are experts at providing second opinions on rental and investment property mortgages, ensuring you get the best possible terms for your portfolio.

Unlike a standard home loan, an Investment Property Mortgage requires a strategic approach. Lenders evaluate these applications differently, looking closely at projected rental income, down payment size, and property type. Whether you are expanding your portfolio in Hamilton, Oakville, or Toronto, understanding your financing options is key. For those considering stable, long-term financing, you might also want to explore a conventional fixed rate mortgage to lock in your costs.

Financing Multi-Unit Rentals and Commercial-Residential Hybrids

As you grow your real estate portfolio, you may transition from single-family units to more complex investments. Two of the most popular avenues for seasoned investors are multi-unit rentals and commercial-residential hybrid properties.

• Multi-Unit Rental Properties: Buildings with 1 to 4 units typically fall under standard residential mortgage guidelines, though they require a minimum 20 percent down payment. For buildings with 5 or more units, you will need a commercial mortgage. These properties offer excellent cash flow potential and economies of scale.
• Commercial-Residential Hybrids: These properties feature retail or office space on the ground floor with residential apartments above. Financing a hybrid property requires specialized knowledge, as lenders assess both the commercial lease viability and the residential rental income.

If you have already received a quote from your bank, remember that we are experts at providing second opinions on rental and investment property mortgages. Let us review your numbers to see if we can optimize your cash flow.

Why Choose Jason Woods for Your Investment Property Mortgage

Working with a dedicated mortgage broker gives you access to over 40 lenders, ensuring you find the perfect fit for your investment strategy. As a Principal Broker (TLC Mortgage Group | Lic. 12988) based in Burlington, ON, Jason Woods provides personalized service tailored to your financial goals.

Here is what you can expect when you partner with us:

• Speed and Efficiency: Fast mortgage pre-approvals so you can act quickly when the right property hits the market.
• Expert Second Opinions: Not sure if your current bank is offering the best deal? We specialize in reviewing existing offers and finding better alternatives.
• Local Market Knowledge: Proudly serving Burlington, Hamilton, Oakville, and Toronto with insights specific to our local real estate landscape.

Real estate investment is a major financial commitment. Do not leave your financing to chance. Let an expert do the heavy lifting for you.

Q1: What is the minimum down payment for an investment property mortgage in Canada?

In Canada, you typically need a minimum down payment of 20 percent for a rental property. Multi-unit buildings with 5 or more units or commercial-residential hybrids may require 25 percent or more.

Q2: Can I use projected rental income to qualify for the mortgage?

Yes, most lenders will allow you to use a portion of the projected rental income to help you qualify for the investment property mortgage, though the exact percentage varies by lender.

Q3: Do you offer second opinions on rental property mortgages?

Absolutely. We are experts at providing second opinions on rental and investment property mortgages to ensure you are getting the most favorable rates and terms available.

Q4: What is the difference between financing a 4-unit and a 5-unit rental property?

Properties with 1 to 4 units are generally financed under residential mortgage guidelines. Once a property has 5 or more units, it is classified as a commercial property and requires a commercial mortgage, which has different qualification metrics.

Q5: Can a mortgage broker help me refinance an existing investment property?

Yes, we can help you refinance to unlock home equity for debt consolidation, property renovations, or to use as a down payment on your next investment property.

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