1 answer from licensed, verified mortgage brokers.
Lender will check your income, credit and will include all your expenses in liabilities. Most of the lenders will use rental income Add-on from subject rental property as per B20 guidelines—the Office of the Superintendent of Financial Institutions (OSFI) rules. Only very few lenders still using rental income Offset that will make your qualify for much larger mortgage amount.
Answered October 2026
✓ Answers reviewed by VerifiedAdvisors.ca. General information only, not personal financial advice. Speak with a licensed broker about your situation.