How much down payment is required for an Investment Property Mortgage?

Author: Boychuk Mortgage Group |

  • Now there are THREE ways to look at this.
    • Are you looking to purchase your next property as the rental property? Or
    • Are you looking to purchase your next property that has a rental component in which you will occupy one unit yourself? Or
    • Are you looking to turn your current home into the rental property and purchase your next property as an owner-occupied home?
  • If you are buying a property for the purpose of an investment, 20% of the purchase price is required as your minimum down payment.
  • If you are planning on moving into the property as your owner-occupied home, you will require the minimum 5% down on the first $500,000 & 10% on the next $500,000, up to $1,000,000.


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