Getting a HELOC on a rental in canada

[Scott Hickey]

Hey we just got our first rental and doing the BRRR method we bought it for 242,000 paid down 20% so mortgage of 193,000. When it's fixed up it should be worth 285,000ish. So in canada is it possible or a good idea to get a HELOC on the rental vs refinancing it in this scenario. Going to be a few months yet till it's all said and done but just looking to find out. Thanks!