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Buying a Second Property

Whether you’re looking to invest in a rental property, purchase a vacation home for yourself or a starter home for a family member, our mortgage programs make it easy.

Small Rental Program

Get financing for up to four rental properties, including condo, single family, duplex, triplex and fourplex rentals.

Suitable for:

  • Properties not occupied by the owner
  • Properties located within 30 km of markets with a population of 25,000+

Works with these MCAP mortgages:

  • Standard 5-year Fixed Rate
  • Adjustable Rate Mortgage (5-year Closed)

Some restrictions apply

Learn more about our Small Rental Program

Secondary Home Program

If you or a family member plans to live in a second property (on a rent-free basis), you could get financing with as little as 5% down.

Suitable for:

  • A secondary residence you or a family member will live in rent-free at some point during the year
  • A property designed for year-round occupancy

Works with these MCAP mortgages:

  • 3-5-year Fixed Rate
  • Adjustable Rate Mortgage (Fixed and Variable)

Some restrictions apply

Learn more about our Secondary Home Program

Why use a mortgage broker?

Watch our quick video to understand the benefits of using a mortgage broker.

WATCH THE VIDEO Why use a mortgage broker?

Protect Your Investment

Mortgage Protection Insurance protects your home, your family and your lifestyle. Find out how.

MORTGAGE PROTECTION INSURANCE Protect Your Investment

Paying your property taxes

MCAP offers the option to pay your property taxes with your MCAP mortgage, giving you one less bill to worry about.

PROPERTY TAX SERVICE Paying your property taxes

Get Started

For questions, rates or to start a mortgage application, professional mortgage brokers are available to help.

Related Links

The Benefits of Owning a Secondary Property

The Benefits of Owning a Secondary Property

Whether you’re considering buying a vacation home, rental property, or secondary residence, there are many benefits that can come with owning a second property. There are also some expenses, risks, and hard work involved, which should be weighed carefully to understand how a second property can fit into your lifestyle and financial picture.

Things to Consider When Investing in a Rental Property

Things to Consider When Investing in a Rental Property

Thinking of investing in a rental property? There are several benefits that come with purchasing a rental, but a number of responsibilities and potential challenges too. Understanding your role, your risks, and the market can help set you up for success.

5 Steps to Take if You’re Thinking of Buying a Pre-Construction Home

5 Steps to Take if You’re Thinking of Buying a Pre-Construction Home

Thinking of buying a pre-construction home in Canada? Learn 5 key steps as a home buyer and the benefits when purchasing a pre-construction home.

Co-Signing a Mortgage: Benefits, Risks, and Responsibilities

Co-Signing a Mortgage: Benefits, Risks, and Responsibilities

If you have a child just out of school looking to buy their first home, a retired parent hoping to buy with a fixed or low income, or a friend or other family member who can’t get approved for a mortgage on their own, you may be asked to be a co-signer for them.