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Updated over 9 years ago on . Most recent reply

Kory Hodgson's profile image
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Kory Hodgson
  • Real Estate Agent
  • from Guelph, Ontario
  • Member since Sep 14, 2015
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Kory Hodgson's profile image
Kory Hodgson's profile image
Kory Hodgson
  • Real Estate Agent
  • from Guelph, Ontario
  • Member since Sep 14, 2015
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Kory Hodgson
  • Real Estate Agent
  • Guelph, Ontario
6
Votes |
20
Posts
Commercial Real Estate Investing

Good commercial mortgage rate

Kory Hodgson
  • Real Estate Agent
  • Guelph, Ontario
Posted

What is a good commercial mortgage rate in Ontario, Canada. Can I expect to get similar to residential rates if I am purchasing a 6-plex?  

I am just looking for guidelines, I have good credit and assume the property has good numbers.  

How much of a change would you expect if I had a VTB as well?

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Gary McGowan's profile image
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Gary McGowan
  • Investor
  • from Stouffville, Ontario
  • Member since Sep 21, 2011
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Gary McGowan's profile image
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Gary McGowan
  • Investor
  • from Stouffville, Ontario
  • Member since Sep 21, 2011
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Gary McGowan
  • Investor
  • Stouffville, Ontario
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Gary McGowan
  • Investor
  • Stouffville, Ontario
Replied

You may want to look at RBC for that mortgage as they are the only Lender that allows residential financing on buildings up to 6 units. If you would like I can send you my (via PM) contact for RBC. 

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