From: "team3m" 
Newsgroups: misc.invest.canada misc.invest.real-estate alt.invest.real-estate
Subject: Re: buy-to rent in Canada
Date: 13 Dec 2006 08:42:47 -0800
   posting-account=fZzEEQwAAAAiPfRo-JW0FMaxD2dWIHFm

Agreed 100%!!!
Mort brokers have emerged from the shadows, they are now paid
commissions by trusts and banks vs the borrower. At no or little cost
to the individual they are often able to negotiate better rates than
even a cheapskate like me can.
BTW: goto the broker first, banks such as TD & CIBC are often eager to
match any rates and may beat same by an 8th of a point.
Recent move saved me a total of $12K over the 5 year term with a
downpayment of 35%.
Investment properties must have 25% down in order to interest banks and
trusts, anything less and they jack up rates. Strip malls in
established areas are a great investment, a return on equity of 12-18%
on strip malls is possible.
vincent.d@vif.com wrote:
> Depends of the type of property and the financial institution.  The
> higher the risk, the higher the % will be.  Often it is 25%.  For the
> best banks, a good way around is to get broker that will find you the
> best deal.
>
>
> abracad_1999@yahoo.com wrote:
> > I am interested in buy-to-rent investment in Canada. What % of property
> > price is required to secure an investment mortgage? What are the best
> > banks offering such mortgages?