House hacking in Canada

[Sarah Jane]

Hello everyone :),

Wanted to ask if anyone has experience house hacking in Canada and if so how was the experience?. I would like to jump into an triplex and house hack to take advantage of the low down payment I’ve seen posts where you can put anywhere from 5-20% down?

[Jordan Perry]

Hey Sarah,

Mortgage broker here.

Yes if the property is owner occupied, you can put as little as 5% down. A good first step as @Theresa Harris mentioned, is to talk to your mortgage broker and find out how much you can afford, then get ahold of a real estate agent to find a property that fits.