Is it possible to get under 20% down payment for ...

[Sam Hanaa]

... non owner occupied house ?

I keep reading American investors of how they got rental investment for very little down payment , can we do that in Canada ?

I asked two banks and both said 20 percent is a must

[Guillaume D.]

If you insure your loan through CMHC, any bank can go down to 5% cashdown, but you need to have the "intention" to occupy the property. The word "intention" is important here. This only applies to single-family houses or duplexes, and then it goes up to 10% for owner-occupy triplexes and 4-plexes. Finally, CMHM can also insure your mortgage for buildings of 5 or more units, but cash down will still be 20% on the residential side (it actually goes up to 25% in commercial). Hope this helps!