Investors who are buying multiple properties are finding it harder to secure financing.
Investors who are buying multiple properties are finding it harder to secure financing. That’s according to an article at BIV.com which highlights that many banks and mortgage lenders are imposing limits on the number of properties an investor can finance. Scotiabank and National are noted as being the only big banks that will still lend for large portfolios. Recent rule changes by CMHC are being blamed for the restrictions which are forcing buyers of large numbers of homes to go to private lenders, commercial financing or to arrange mortgages through multiple lenders.
