RBC Policy Update

As the government policy tightening for equity deals, it is getting challenging to obtain
an approval for equity take-out requests today. However, RBC remains very competitive
in terms of providing financing to those who have high net worth properties or having
over 35% downpayment to purchase their new properties. If clients are either new
immigrants or non-residents, RBC also has excellent equity programs to serve those
clients in need.


For refinancing up to 65% of the property value, clients may need to provide either
employment income or liquid investments, either in Canada or overseas, to illustrate
the repayment ability. For those who report employment income earned in Canada in
particular, we may be able to provide financing up to 80% of the property value.

For new immigrants, we can lend up to 75% of the purchase price, providing clients
can show sufficient liquid investment to support monthly mortgage payments. For more
details, please contact Eric Huang at 604-505-6665 for a free case consultation.


Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.