For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
Mortgage rates are estimates of current rates. No fees are included.
Building Permit ready to be pulled! This PRIME rental development site is located on one of the BEST CORNERS in Vancouver’s sought-after Renfrew neighborhood. A 4-storey mixed-use building has been approved by the City of Vancouver, with 37 residential market rental units and 3 commercial spaces at grade (day care, restaurant, grocery, etc). Steps to Renfrew Skytrain, unobstructed mountain views, plus approvals in place under secured Market Rental Policy (Rental 100). This is a golden opportunity to save years in planning and waiting for permits. No waiting, build right away and start generating income!
