Hi there Lily,
Thank you for reaching out to the Candalend team regarding mortgages for rental properties in Toronto.
Yes, you can most definitely get a mortgage for a rental property as long as you qualify.
The basic requirements for qualifying for a rental property mortgage are the following:
- A Signed Tenant Acknowledgement Form
- Lease Agreements
- Mortgage Statements
- Tax Bills
- Home Insurance Information
- Proof of Income
If all these requirements are in place then the application process is similar to that of any other mortgage application.
I hope this has helped answer your question regarding rental property mortgages, Canadalend offers mortgage solutions to Toronto and the surrounding area.
Feel free to contact the Canadalend Team today!
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