Non-Residence Mortgage?

by Larry Michienzi
(Muscat Oman)

I'm a non-resident of Canada and would like to buy property in Canada and get a mortgage in Canada. I have been told that I need 35% down. Is there anyway around this? I already have two rental properties and would like to buy one or maybe two more. I often get shut down by mortgage brokers as they don't seem interested in do int the leg work that is required for this type of mortgage.

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Apr 19, 2012
RE: Non-Residence Mortgage?
by: Tom Karadza

We feel your pain! We often struggle to get people to think outside of the box. On this one, however, as of this moment we’re not aware of options for non-residents besides putting larger down payments down. Sorry, wish we had more for you!

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