Newbie from Ottawa, ON area - ROI Question

[JoAnne Nadeau]

Hi!  Just getting started at this , and really appreciate the  Bigger Pockets Team for all the infor and podcasts they put out there to help newbies get started!

I'm looking at purchasing a duplex and living in one unit. Where do I find how to calculate ROI if you're living in one unit?

Thanks for your help!

[Roy N.]

@JoAnne Nadeau

Welcome.

On a residential property (1-4 units) in Canada you are able to insure a conventional mortgage either through CMHC, or one of the private insurers (Genworth or Canada Guarantee).  

The insured, high-ratio mortgage is aimed at owner-occupied properties (primary residence, secondary home) with a loan-to-value (LTV) ratio greater than 80% - as you indicated, a residential mortgage with less than a 20% down payment must be insured. With mortgage insurance, an owner occupant, is able to acquire property with a downpayment as low as 5% on a single family home or duplex and as low as 10% on a triplex or quadruplex.