Can I get a mortgage for a rental property in Edmonton?

Yes. Investment property mortgages are available, but they have higher down payment and qualification requirements than primary homes.

Can rental income help me qualify?

Yes. Many lenders will consider projected rental income when assessing your mortgage eligibility.

Do investment property mortgages have higher rates?

Generally, yes. Rates can be slightly higher than primary residence mortgages, but a strong credit profile can help you secure competitive terms.

Is it better to use a broker or go directly to a bank?

A broker gives you access to multiple lenders and specialized programs that banks may not advertise, increasing your options and potentially saving you money.

What is Rental Income Usage?

This varies from lender to lender, which is why it is so important for a client to work with a mortgage broker. We can then assess multiple lenders to see who has the best rental income offset available to work with the application. This could be anywhere from 50% to 100% rental income that could be used, depending on the client, the lender, and the overall application.

Do you assist with HELOC or refinance strategies?

Yes, we can assist in many refinance strategies and a HELOC being added to the property is one of them, but not the only one. We can refinance to pull out equity to pay down debts or to have cash in hand to be able to invest. We can also add on a HELOC, otherwise known as a secured line of credit.

Investment Property Mortgages in Edmonton

Finance your rental property or investment with confidence and expert guidance.

Buying an investment property in Edmonton or St. Albert can be a smart way to build wealth, but navigating mortgage options for rental properties is different from a primary home. I help investors understand their borrowing capacity, maximize cash flow, and choose the best financing solutions for their goals.

What Is an Investment Property Mortgage?

Turn Property into Profit with the Right Mortgage.

An investment property mortgage is designed for buyers purchasing a property that won’t be their primary residence. Lenders typically require a larger down payment and assess your ability to cover mortgage payments through rental income, personal income, or both.

Miniature white house model with keys on a wooden surface, suggesting home ownership.

Why Work With a Mortgage Broker for Investment Properties?

Your Guide to Financing Investment Home.

Investment property mortgages are more complex than standard home loans. Working with a broker ensures:

Access to lenders and programs that specifically support investment properties
Guidance on down payment requirements and qualifying ratios
Advice on using rental income to increase borrowing power
Strategies to maximize cash flow while minimizing risk

Step-by-Step Investment Property Mortgage Process

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Initial Discovery Call

During this call, we will explore your needs and wants as far as purchasing a new home. I will review my process with you and ask questions regarding your employment, present and future financial goals, and give you an opportunity to ask questions.

Pre-Approval & Financial Assessment

I review your income, assets, credit, and debts to determine how much you can borrow and which lenders will offer the best terms.

Document Preparation

Typical documents include:

Proof of income (employment or self-employed statements)
Bank statements for down payment
Tax returns for the past 2 years
Details of existing debts or mortgages

Lender Submission & Rate Options

I submit your file to multiple lenders to find the best rates and terms for your investment property.

Approval & Financing Strategy

Once approved, you receive a pre-approval or conditional approval letter, showing your borrowing capacity and outlining any conditions.

How Much Down Payment Do I Need?

Get the Right Start on Your Investment Journey!

The minimum down payment for buying a home that you intend to occupy or a second home, such as a vacation property or one for an immediate family member, is set at 5% for the first $500,000 and 10% on any amount exceeding $500,000. Conversely, if you are acquiring an investment property or a residence you do not plan to live in, the minimum down payment requirement rises to 20%.

Additionally, there are specific circumstances—such as purchasing raw land—where a higher down payment may be necessary. Typically, the minimum down payment for raw land is around 25% of the purchase price, though this can vary based on the lender and location.

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Tips for Successful Investment Property Mortgages

Maximize Returns with the Right Mortgage Strategy

Understand rental income: Some lenders allow 50–80% of projected rental income to count toward your mortgage qualification.
Plan for expenses: Taxes, condo fees, insurance, and maintenance affect cash flow.
Check your credit profile: Strong credit improves your interest rates and terms.
Consider long-term strategy: Decide whether the property is for long-term rental, short-term rental, or resale.

FAQs

Can I get a mortgage for a rental property in Edmonton?
Yes. Investment property mortgages are available, but they have higher down payment and qualification requirements than primary homes.
How much down payment do I need?
Typically 20–35%, depending on the lender, property type, and your financial profile.
Can rental income help me qualify?
Yes. Many lenders will consider projected rental income when assessing your mortgage eligibility.
Do investment property mortgages have higher rates?
Generally, yes. Rates can be slightly higher than primary residence mortgages, but a strong credit profile can help you secure competitive terms.
Is it better to use a broker or go directly to a bank?
A broker gives you access to multiple lenders and specialized programs that banks may not advertise, increasing your options and potentially saving you money.
What is Rental Income Usage?
This varies from lender to lender, which is why it is so important for a client to work with a mortgage broker. We can then assess multiple lenders to see who has the best rental income offset available to work with the application. This could be anywhere from 50% to 100% rental income that could be used, depending on the client, the lender, and the overall application.
Do you assist with HELOC or refinance strategies?
Yes, we can assist in many refinance strategies and a HELOC being added to the property is one of them, but not the only one. We can refinance to pull out equity to pay down debts or to have cash in hand to be able to invest. We can also add on a HELOC, otherwise known as a secured line of credit.

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Calculate your total cost of owning a home
Estimate the minimum down payment you need
Calculate Land transfer taxes and the available rebates
Calculate the maximum loan you can borrow
Stress test your mortgage
Estimate your Closing costs
Compare your options side by side
Search for the best mortgage rates
Email Summary reports (PDF)
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Ready to Finance Your Investment Property?

Whether it’s your first rental property or your tenth, I can help you navigate the complex world of investment property mortgages in Edmonton and St. Albert. Let’s review your strategy and get your financing in place so you can invest with confidence.

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