I was able to push back and provided more data, he adjusted to $1,335,000.

This way, your current rental stays a cash-flowing asset while providing leverage to grow your portfolio.

No agents involved.

What is a Listing agent at simplest?

[I think someone else provided an example of this case earlier]-Now provided you do qualify for purchasing a house (4 units or less), you will have no problem qualifying for a mortgage with a Schedule 1 bank as long as you provide the down payment (35% minimum of purchase price) and confirm proof of fund and the source of it- On the proof and source of funds, the banks would want to see an income enough to cover the mortgage payment and other expenses. and in some cases, they would want to make sure they know how you're going to cover your expenses (housing, heating, etc..) where you live.This is usually where it gets annoying for some folks but if you can satisfy this, you should be able to qualify for a mortgage just likely any Canadian tax resident, albeit you will pay a little more in terms of interest rate, etc.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

However, we have a higher end market so it always struck me as strange that we'd only provide such a small amount since it doesn't cost that much more to provide more.

You will need to vet out a few agents or you can work with reputable wholesalers.

I recommend you call a local agent or broker to give you a better lay of the land so you understand the challenges/opportunities in this area.

Alternatively, construction loans can provide staged funding for significant renovations but require more documentation.If you’re holding the property long-term, consider refinancing into a DSCR loan after renovations.