I want to have more rental properties in the future and could definitely use that income to help fund those, but with the interest rates being higher, it makes me nervous.

It is still a low income area that is up and coming and is becoming more desirable for it's proximity to the aforementioned areas.  

This rental income may not be included in effective income. 

DSCR loans won't use your income to underwrite the loan. 

I don't know about you but I am constantly on the hunt for consistency, consistency of income, of deals, of productivity, in my relationships...so that's my focus in all things not just real estate.So my vision to your question is a a state of total consistency of income and deals.I'm focused on the basics, which to drive me is even more specifically "making offers."  

I was thinking so too, the income still vastly exceeds the expenses anyway. 

If you are purchasing a primary home, income could be a challenge if you work at an office.

Hi everyone,I've been interested in investing in Canadian real estate for some time, but the price-to-rental income ratio never quite made sense to me.

Also due to price increases you can probably cut a better deal on an existing home and probably get better quality too.Normally you'll probably need a couple of years of income to get a loan. 

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.