Here in the Maritimes it is not common either - in NB, security deposits are held by the Residential Tenancies Tribunal (formerly the Rentalsman) and are not available to tenant nor landlord prior to the end of the tenancy.

Account Closed The short answer, nowhere: at least not anywhere where you will likely wish to invest.The only places, of which I am aware, where you may find properties priced to meet the guideline that rent is 2% of purchase price are smaller, declining, coastal communities in the Maritimes or evaporating small, former train stop / grain elevator, towns across the prairies. 

I could always keep an eye out for what's in the maritimes.

While we budget a reserve of $300 to $600 per unit, all our multi-unit properties are located in the Maritimes.

I find CMHC and stats can way to broad and they can lag a couple months behind, I use what people are actually paying within the last couple months to determine my rates for maximum rental rates.The best part is its broken down with points on the map so you can check specific areas and neighborhoods down to the street.Samuel,That must be a regional thing as sites like PadMapper, Rent Donkey, etc tend not to be any more useful here (Maritimes) than what you can scrape from Kijiji yourself.  

This maritime setting is picturesque with panoramic views of the ocean, rolling fields and Smutty Nose Island.

However, once established, the low loonie is advantageous.There are still areas to invest in the Maritimes where you can make a decent cash-flow and force a little appreciation along the way.  

@Tanya F.Clotheslines are still a fixture throughout the Maritimes, particularly smaller communities.  

Some of these markets, like Vancouver (which jostles with Sydney Australia annually for second place on the list of least affordable cities {from a real-estate perspective}) and Toronto are very expensive; others are moderate; and a few here in the Maritimes are still fairly affordable {tradeoff is the local economy is smaller and not on-fire.

All of my properties are located in PEI currently but I am interested in branching out, learning new markets in the Maritimes and scaling up to larger deals with more units.