You should also look up AZREIA.Rental deals are very hard to find in our market, most buy and hold investors I know are buying based on cash flow and counting on appreciation.

Count your costs and make certain you can get it done with what you have.

@Dea ChuI may actually be wrong about CMHC even allowing below 20% for investors, it looks like they canned that program from what I'm reading online; now 20% is the bottom minimum standard.Of course there are private lenders and so on that do Canadian mortgages, but if you want a prime/best rate, I'd count on 20% down as an investor.

I'm not sure which rooms get counted towards the count; maybe someone else can lend insight into that

But don't count on a steady income without a steady impute. 

I wouldn't count the rental income on the unpermitted space when analyzing the deal, would also project if city says something about it.

I have even gone to 100% financing, but the borrowers that I lend to under those terms can be counted on one hand. 

Well when I brought up the fact that it's a public road and everyone parks along that street, they told me it didn't count because the neighbors house was in front of mine and he had a problem getting out....which again isn't true.

Ar times I embarrassed myself more than I can count lolThanks and much success.

You can count on that, but so will other non-college tenants.