Can I use rental income to qualify for a second mortgage in Canada?

Yes. Most Canadian lenders (including RBC, TD, Scotiabank, and CIBC) add back a portion of your projected rental income when calculating your GDS/TDS ratios for a second property. The conservative standard is 50%; rental-friendly lenders like Scotia STEP and some monoline lenders will use up to 80%.

How much equity can I refinance out of my current home?

Up to 80% loan-to-value (LTV) if the property stays your primary residence, or 75% LTV if it becomes a rental. So on a $500,000 home with a $200,000 mortgage, you could refinance up to $400,000 total — freeing up to $200,000 for the down payment on property #2.

Is short-term rental (Airbnb) allowed in Conception Bay municipalities?

Rules vary by town. Bay Roberts, Carbonear, and Holyrood permit STRs with municipal registration and safety inspections. CBS requires a home-based business permit for STRs in most zones. Always confirm the current bylaw with your municipal office before pricing an Airbnb model.

What Airbnb occupancy rate is realistic in Newfoundland?

Conception Bay STRs average ~62% annual occupancy at a $145 ADR, driven heavily by June–October tourism. Coastal-view properties in Bay Roberts and Bareneed regularly exceed 75% during peak season.

When does it make more sense to sell instead of hold?

The calculator shows both paths side-by-side. Selling usually wins if your held property has weak rental demand, high deferred maintenance, or if you're near the CMHC 25-year amortization mark on a low-rate mortgage you can't replicate.

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HMULTI-PROPERTY OWNERS · MOVE-UPS · AIRBNB HOSTS · Multi-property calculator

Keep your current home. Rent it. Buy the next one anyway.

The hybrid engine for anyone thinking: 'do I have to sell to buy again?' Uses standard Canadian lender math — GDS ≤ 39%, 50% rental add-back, 80% LTV refi cap.

Illustration — kitchen-table math

Your numbersUpdates as you change them

▮ Property #1 — the one you're thinking of holding

Current home value$425,000

Bob will pull a free pre-listing valuation

Current mortgage balance$210,000

Current monthly mortgage payment$1,450/mo

▮ Income model

Projected monthly rent$2,200/mo

CBS 3BR: $2,100-2,400 · Bay Roberts 3BR: $1,900-2,200

Annual property tax$3,200

Annual insurance$1,400

▮ Property #2 — what you want to buy next

Target purchase price$485,000

Vacation home in Trinity, second Airbnb, upgrade — your call

Down payment20% · $97,000

Refi'd equity from Property #1 can fund this

▮ Your borrower profile

Household annual income$135,000

Other monthly debt payments$650/mo

Car loans, credit cards, student loans, HELOC

Rental income add-back50.0%

50% = conservative bank · 80% = Scotia STEP / rental-friendly lender

Time horizon5 yr

Your resultCalculated now

You qualify — combined net worth in 5 yr

$603,947

Beats the "sell now + buy" path starting year 1

Net rental cashflow$81/mo · $968/yr

Refi cash-out available$130,000

Lender-eligible rental income$13,200/yr · at 50.0%

Max mortgage you qualify for$727,142

Max purchase price at that down %$908,927

Payment on target property$2,223/mo

Monthly qualifying surplus+$1,943/mo

Sell-now path net worth (yr 5)$336,950

Held-path net worth (yr 5)$603,947

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Email me my Hold, Rent & Buy Again Plan

Your headline number $603,947 is saved with your inputs and emailed to you. Bob receives a copy for any follow-up you request.

✓Save the hold-versus-sell five-year comparison
✓See rental cash flow, available equity, and the next-home estimate
✓Receive your inputs and results by email
✓Confirm lender treatment and local rental rules before acting

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