STR Financing Canada

[Kylene Heykants]

Hello fellow BP members!

A lot of the educational content I find on BP regarding STR financing mentions a 10% down vacation loan. I have found this not to be the case in Canada, specifically Alberta. My mortgage broker told me it's a 35% down second home loan. Have other investors also found this? Any tips for financing my first STR that doesn't involve a partnership? I have access to capital but would like to leverage more so I have more purchasing power with my capital. Any tips help! Appreciate it.

Also, if you're a fellow STR investor from Alberta say hi! I'd love to connect :)

Cheers,

Kylene