Home-Rental Purchases in Vancouver, BC

Purchasing a home in Vancouver—whether for you to live in, to rent out, or both—can be complex. I simplify the process by analyzing rental income, loan options, and local regulations. With 15+ years in the Lower Mainland market, I understand zoning rules, rental demand, and financing requirements. I’ll tailor your strategy to maximize affordability and returns.

Many buyers assume a large down payment is required for a rental property. I’ll show you programs to lower it. For example, financing a multiplex while living in one unit can substantially reduce your insured down payment. First-time buyers also gain peace of mind knowing all requirements are handled.

I’ve helped clients use rental income to qualify for bigger mortgages. In Metro Vancouver’s tight market, that extra borrowing power can make the difference. I coordinate with lenders and insurers so there are no surprise costs. My approach is fully transparent – you pay nothing extra, just the mortgage payment.

Buying a Home with Rental Income

Vancouver offers many options: duplexes, houses with legal suites, condos with rentable units, and more. If you live in one unit (making it your primary residence), you may qualify with as little as 5% down on the first home (often with mortgage insurance) while renting out the rest. For strictly investment purchases, lenders typically require about 20% down. In either case, rental income boosts your qualifying power: most banks allow a portion of expected rent to count toward your income. I’ll help you estimate realistic rent and factor that into your application.

By factoring rental income into your financing, you may be able to afford more property than you thought. For example, an older East Vancouver house with a basement suite might cover its entire mortgage payment through rent. I’ll help you calculate expected rental revenue and show how it affects your payments. This expertise is invaluable when targeting neighborhoods with strong tenants (e.g. students near UBC or professionals downtown).

Flexible Financing Solutions

Whether you’re a first-time buyer, new investor, or seasoned landlord, I customize your mortgage plan. I work with over 50 lenders offering solutions for every scenario:

 

  • Primary Residence with Rental Suite: Live in the property and rent part of it. Get competitive rates and low down payments (CMHC-insured on the owner-occupied portion) while earning rent from the suite.

  • Second Home or Condo Investor: Higher down payments (generally 20%+) are common. I’ll find lenders and programs suited to investment buyers, guiding you through stress-test rules and paperwork.

  • Self-Employed or Unique Properties: If banks hesitate, private alternatives or specialized loans may help.

 

Investing in Vancouver real estate also means considering local rules like the Empty Homes Tax or speculation taxes. I ensure your financing plan accounts for any surcharges. My goal is to make the home-buying process smooth so you can focus on managing your property or enjoying your new home.

Owning a rental property also builds long-term wealth. Often, your tenants’ rent covers a big portion of the mortgage, effectively paying down your loan for you. I’ll help you project those savings so you can invest with confidence.

Remember, my expert advice costs you nothing extra – mortgage lenders pay my commission. Watts Mortgages delivers personalized guidance and competitive rates, often saving clients more than they expected. You deserve a strategy that makes sense in Vancouver’s market, and I’m here to deliver it.

Watts Mortgages simplifies buying a home to live in and rent out, making every dollar count.

Ready to make your move? Apply now to start your mortgage approval. Have questions? Feel free to contact me or use our Mortgage Calculator to explore options. Let’s turn your Vancouver home-purchase dreams into reality.