There are many reasons why Canadians consider investing in real estate or renting part of their home. CMHC recognizes that facilitating the availability of rental units offers Canadians more choice to help meet their housing needs.

Whether the property is owner occupied or non-owner occupied, subject to a mortgage loan insurance (MLI) application or not, CMHC offers different approaches to rental income for qualification purposes. Use the diagram below to determine the approach(es) you can use to calculate rental income and the inputs to consider when calculating the debt service ratios.

Date Published:: October 1, 2018