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Specializing in mortgages for real estate investors

When you invest in real estate in Canada, you may need flexible financing options, including a mortgage solution tailored to your specific property type, including:

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Condominium units
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Rental homes
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Duplexes, triplexes, and quadruplexes
Borrow

WealthONE Residential Mortgage for Investment Properties

An innovative investment mortgage different than what you find at most Canadian banks. It is a loan directly against the property instead of a business loan secured by the property and there are no limits on the number of properties you can own.

Our flexible mortgage options are customizable to your unique borrowing situation, starting at $500,000 and ranging up to $4 million.

With all of our mortgages, you can:
  • Choose a weekly, bi-weekly, or semi-monthly payment plan
  • Make the same payment amount throughout your term
  • Make an annual lump sum payment of up to 20% of your original mortgage principal
  • Increase your regular payments once a year by 20% without penalty
A Fixed Rate Mortgage means no surprises
  • Choose from 1 to 5 year terms
  • You pay the same interest rate throughout your term
A Variable Rate Mortgage may save you money
  • Choose from 3 to 5 year terms
  • Your interest rate may change throughout the term
  • If your interest rate goes down, you’ll pay down more of your principal
  • If your interest rate goes up, you’ll pay more interest
  • You can convert to a fixed rate mortgage any time
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Understanding Interest Rate Changes

Have a variable rate mortgage? Find out your options in a rising interest rate environment. 

Fixed Rates

Rates effective as of 2024-3-15
WealthONE Prime Rate: 7.70%
Below rates apply to owner-occupied properties only***

Rates

APR**

6.59%

1 Year (Closed)

7.90%

1 Year (Closed)

6.44%

2 Year (Closed)

7.11%

2 Year (Closed)

6.24%

3 Year (Closed)

6.70%

3 Year (Closed)

6.59%

4 Year (Closed)

6.94%

4 Year (Closed)

5.95%

5 Year (Closed)

6.23%

5 Year (Closed)

Variable Rates*

Rates effective as of 2023-7-17
*WealthONE Prime Rate: 7.70%
Below rates apply to non owner-occupied properties only***

Rates*

APR**

7.95%

3 Years (Closed)


8.38%

3 Years (Closed)


7.95%

5 Years (Closed)


8.22%

5 Years (Closed)




* Variable interest rates will change as WealthONE’ s prime rate changes.
** APR (Annual Percentage Rate) is calculated semi-annually and includes any applicable fees such as application fees or administrative fees.  The APR figures above are based on the following: 

  • A mortgage amount of a $150,000 with a 25-year amortization period;
  • 1% application fee of $1500 and Ontario FCT fee (First Canadian Title fee) of $378.12;
  • Application fee and closing fee may vary based on loan amount and province.

***For properties that are not owner-occupied, an additional premium of 0.25% applies to all rates.

General Mortgage Rate Information:

  • Interest rates are compounded semi-annually, not in advance. Assuming no additional Cost of Borrowing fees are charged, the Annual Percentage Rate (APR) will be the same as the Interest Rate.
  • APR reflects the total interest amount the borrower will pay annually based on the total loan amount. For instance, a lower APR could in turn result in the borrower having lower mortgage payments.
  • All Rates are subject to the borrowers meeting WealthONE Bank’s lending criteria (this may include your credit score, income and property location) and are subject to change without notice.
  • Residential lending rates are determined on a case-by-case basis, which allows us to offer you competitive options for your specific needs.
  • Working with a mortgage broker will ensure you have all the information you need to make an informed decision on the option that is right for you.

Applying for a mortgage is easy

Choose the option that works best for you:

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Residential mortgages

Buy a Home

Purchasing a home can require flexible financing options, including a mortgage solution tailored to your unique homebuyer needs.


Purchase a home or refinance with a WealthONE residential mortgage
Commercial Mortgages

Buy a Business Property

If you’re looking to purchase a location for your business, whether it’s a small office building, a retail location, or a light industrial complex, find a mortgage solution customized to your specific business mortgage needs.


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Become a partner

Mortgage brokers and real estate professionals: partner with us

If you're looking for that unique financial institution that will see your client's story beyond the numbers on the paper, consider WealthONE as your mortgage lending partner.