Manage my rental property

Thousands of Canadians have discovered that Manulife One is a simple and effective tool for managing their personal finances. Did you know that Manulife One can also help you manage your investment properties?

Manulife One for rental properties
Investing in real estate can be an attractive and effective way to build wealth but it takes a lot of time and energy to manage the financial aspect of your investment.  Manulife One can simplify that and provide you with easy access to the equity you’ve accumulated.

Manulife One can help you:

  • Track expenses. Because Manulife One combines your mortgage with your chequing account, all of your rental expenses and income can be managed from a single account. This makes it easy to track interest and maintenance costs for taxation purposes.
  • Access equity. You can use the equity accumulated in your rental property, up to your borrowing limit, to finance repairs, purchase additional properties or address other financial needs.
  • Accelerate debt repayment. By having rental income flow directly into your Manulife One account, you can potentially pay down your debts faster and save interest.

What kinds of properties qualify?

Manulife One is available for a broad range of rental properties. To qualify, properties must be:

  • In one of Canada’s largest 33 communities.  There is a maximum borrowing limit of $600,000 in most cities or a maximum of $1,000,000 in seven major centres, including: Ottawa, Montreal, Toronto, Kitchener-Waterloo, Calgary, Edmonton and Vancouver.
  • A one, two, three or four-unit building. If the building has more than one unit, you must occupy one of the units.1

1 The requirement that the owner occupy one unit may be waived for an additional insurance premium.

 

Next steps

Try our calculator to see what Manulife One could do for you.

Find out how to apply or learn more.

Is your bank telling you they offer “the same thing”?  Try our Ten questions to ask your banker.

What’s your Manulife One Number?
Discover your Manulife One Number – it’s the amount of interest you could save over the life of your mortgage, simply by switching to Manulife One.  This all-in-one account can help save you money, reduce your debt faster and simplify your finances. Because your chequing account, savings account, line of credit and mortgage don’t need to be separate.