I have 1 rental property but....

[Jonah Simmons]

This is my first post. Just looking for advice.

I own 1 rental property, a townhouse

I bought at the top of the market 5 years ago and the property has gone down $42000 according to the yearly property assessment. I'm not losing money with renters (just breaking even) in there but I've definitely lost equity. With the market down I'd like to get into another rental property but I'm not sure a bank would even talk to me seeing as how my townhouse has depreciated so much. I'm just curious if anyone has any advice. I live in Canada, blue collar worker and really want to get into real estate specifically rental properties.