Rental property mortgage rates

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Compare Canadian rental property mortgage rates with down-payment, debt-service, lease-income, lender, amortization, and portfolio-strategy context.

Example scenario · make it yours

Buying · $800,000 home · $150,000 down

BC · 5-year term · fixed & variable · 25-year amortization · Rental property

A starting point

A few options to start.

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How your rates stay current

Supported public lender sources are checked once daily at 6 a.m. Vancouver time. Each offer shows when its source was checked. Your matches refresh while this page is open.

Expired promotions and rates without recent verification are removed automatically. A lender’s rate hold is separate from a promotion deadline. Promotional badges identify special rates; broker cashback estimates appear separately.

Choose your property, down payment, province and amortization to see matching products, then compare up to three for payment, interest and balance. Confirm fees, prepayment privileges, penalties and any funding deadline with your broker.

A little guidance goes a long way.

We’ll help you weigh the rate, flexibility and costs. Brokerage services are available for BC properties.

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Find rates by lender

Open a lender to see verified fixed and variable reference rates, conditions and source checks. These examples cover different down payments and terms; use the shopper to check your own situation.

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Compare the same balance, term, amortization and insurance category. Displayed rates depend on eligibility and lender approval.

Make a fair comparison

Understand the rate you’re looking at.

A rental property mortgage is priced and qualified differently from an owner-occupied purchase. Expect at least 20% down for a conventional rental purchase, lender-specific treatment of rent and expenses, and pricing that may differ by property type, unit count, portfolio size, amortization, and documentation. Compare the rate only after the same rental assumptions are applied to every lender.

Compare mortgage pricing for a true rental scenario, not an owner-occupied headline rate.

Start with property use, down payment, amortization, rental income, expenses, and portfolio context before judging the lender offer.

Typical starting equity: At least 20% down for a conventional rental purchase
Qualification hinge: How the lender offsets or adds rental income and expenses
Compare together: Rate, cash flow, amortization, fees, and portfolio flexibility

Rental qualification is a lender-policy comparison

Lenders can use different rental worksheets, vacancy assumptions, expense allowances, lease evidence, and add-back or offset methods. The same property and borrower can therefore produce different qualifying results before the rate is considered.

Model the subject property's real rent, taxes, heat, strata fees, financing, and operating costs. For an existing portfolio, include every mortgage and the documents needed to support each lease and expense.

Price the mortgage against the investment plan

A low rate can be a poor fit if the lender restricts future equity access, charges an expensive break penalty, or makes the next acquisition harder. Term length, charge structure, prepayment rights, and portfolio policy belong in the same decision.

Stress-test the property with higher rates, realistic vacancy, repairs, and conservative rent growth. The mortgage should support the investment thesis without requiring perfect conditions.

Before you accept an offer

Rental occupancy preselected in the live public Rate shopper.
Direct connections to rental qualification, cash-flow, DSCR, and investment-property guidance.
Scenario context that keeps owner-occupied and rental pricing from being confused.

Clear answers

Before you decide

Are rental property mortgage rates higher?

They can be. Pricing depends on loan-to-value, property type, amortization, borrower strength, lender policy, and whether the mortgage fits an insurable or uninsured pricing bucket.

How much down payment is required for a rental property?

A conventional one-to-four-unit rental purchase generally starts at 20% down, but lender and property rules can require more. Owner-occupied multi-unit properties follow different rules.

How do lenders use rental income?

Methods vary. A lender may use a portion of gross rent, subtract operating expenses, or offset housing costs. The lease, appraisal market rent, tax returns, and portfolio details may all affect the calculation.

Keep comparing

References

Use the regulator and consumer-agency guidance alongside the written terms of your lender’s offer.

FCAC: Choosing a mortgage ↗

Pragmatic Mortgage Lending · BC

Find the rate that fits the whole mortgage.

We’ll review lender eligibility, penalties and flexibility alongside the payment.

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