At Lower we offer competitive rates and terms for Canadian businesses looking to invest in property. Whether you’re looking to buy property to help your business run or looking to invest in a profit-generating investment asset, we’ve got the financing you need.
Lower is Canada’s premium mortgage broker offering mortgages for every type of new home, whether it's to work from or an investment.
We’ll check 40+ lenders and 10,000 products in the market.
Speak with your trusted Lower advisors anytime.
Lower advisors will do all the application admin.
Rated 4.9 / 5 on Google, Facebook, Trustpilot, Comparewise and others.
Buying a home for your family is so important. Ammar made us feel comfortable with at ease with this process. He took his time to understand our needs but was very quick with the process.
Comparewise
I bought my first home a few years back and used @lowerdotca. It was a great experience so I called them when I was ready to purchase my second house. Ammar and his team go above and beyond.
Comparewise
We had a great experience with Ammar and his team. He explained us all of our options without us feeling the pressure or rushed. I highly recommend.
Comparewise
I was extremely nervous being a first time home buyer in Toronto. With prices skyrocketing I wasn't sure this was the right move but after speaking to Ammar, he made me feel confident.
Ammar went above and beyond our expectations, answering all of our questions and securing us an even better rate that we'd hoped for! The entire process was very smooth and we will be recommending his mortgage services.
Comparewise
I was working with a broker before and it was a nightmare. Thank goodness I found Ammar. He was always quick to respond to help us. We will definitely be using Ammar when it’s time to renew our home.
I was anxious being a first-time home buyer in the Toronto market. Ammar was referred to me by a friend of the family and he definitely made the process much easier to work through!
Comparewise
We really appreciated Damien’s patience and compassion through this entire process. We are very happy with our rate and how easy he made our experience.
Comparewise
Ammar was amazing to work with from start to finish. Found us such an excellent rate. He went above and beyond for us.
@lowerdotca helped me with my purchase of my third business property. He found us the best rates. I would recommend Shawn if you need to speak to anyone.
My family member recommend @lowerdotca and to speak to Ammar. He doesn't disappoint. I was very satisfied with his service.
Comparewise
My previous mortgage broker retired so I had to find a new one. When I contacted Lower. The whole team is amazing. I was impressed right off the bat. Very professional.
@lowerdotca was recommended to me by a fellow business owner who used their services to refinance their property. I found Ammar to be knowledgeable and efficient in helping us to reduce our rate and liquidate the capital we needed to expand our business.
So glad I found Damien and Lower. The last time I had to renew my mortgage was a headache. Damine is familar with the challenges of applying as a self-employed individual and got our re-financing done without any trouble.
Lower gave us confidence in our purchase. I won’t even hesitate calling because they are just that great! Very easy to understand and work with.
Comparewise
I've worked with Lower many times. I highly recommend them to my clients who are in need. They work hard to get the best rates.
Comparewise
I was referred to Damien because I wanted to purchase the building my business is in when my landlord decided to sell. We went over all of my options and I ended up not only managing to purchase the building but also get extra funds to
Very reliable team. They are straight forward which I liked. They are honest but they also work very hard to find the best rates for you.
I had the pleasure of speaking to Shawn about a few things. Including purchasing property for my business and we got approved very quick. I will be using his services for my business in the future.
I used @lowerdotca to help with the purchase of my second investment property. Damien made the process quick and straightforward, which I appreciated as I have a hectic schedule.
Have a different question? Contact us today.
The most straightforward answer is yes, but on the condition that the property was bought for investment. Examples are:
Canada's average commercial mortgage rate is between 4.5% and 8.3%. If you’d like to calculate the estimated rate but find it complex, simply use a commercial mortgage calculator. However, note that the rate you will get depends on the loan term and your choice of either a fixed-rate or variable rate on your mortgage.
It is a loan secured to finance a property you do not own or to free an existing building from a value invested in the business.
Most banks and financial institutions offer a this type of mortgage, but there are no set rates. That means lenders review every application thoroughly, based on the requirements and strength of your documents. However, you can use a commercial mortgage calculator to forecast how much you could qualify for. Additionally, a business mortgage will averagely last from 3 to 25 years. Therefore, you might need to consider a bridging or development loan if you want a shorter-term loan.
Yes. A business mortgage rate is slightly higher than a residential one - typically between 0.25% and 0.75% higher. It requires a height of specialization and bears more risk for the lender if the borrowers breach.
Investors and entrepreneurs seeking to finance commercial properties with loans often opt for a commercial mortgage. Business mortgage terms are similar to those of residential mortgages. However, your business needs will dictate the options you may have.
A commercial mortgage is a loan used to finance income-producing properties like office buildings, retail spaces, hotels, and other commercial real estate. A commercial mortgage application typically requires profit and loss statements, tax returns, rent rolls, and other financial documentation.
Rates are usually higher because lending for commercial properties is considered riskier for lenders. Major Canadian lenders for commercial mortgages include banks such as CIBC and other financial institutions and mortgage brokers.
There’s no shortage of ways to raise money for your start-up, but a commercial mortgage is one option to consider for property-related business needs. So how do you get started? That’s why we’ve put together this guide to help you understand how this financing option works.
Each case of a commercial mortgage varies. However, understanding the general structure can help you make more informed choices.
Commercial mortgages are not only used for purchasing property. They can also help with:
You can seek a mortgage for different types of commercial properties. The common types are:
Unlike residential mortgages that could close within 14 to 90 days, commercial mortgages typically take anywhere from 60 days to 6 months to complete, depending on complexity.
Delays often occur due to property valuation, business financial reviews, and lender due diligence.
There are different types of commercial mortgages, and each varies in terms of loan-to-value (LTV) ratio depending on the property type and risk profile.
Common structures include:
Though similar, these two mortgages have several differences, which you should be aware of before applying.
Qualifying for a residential mortgage is mainly based on your income, credit score, and outstanding debts.
Commercial mortgages are less standardized than residential mortgages and are underwritten more individually based on property and business performance. Many lenders require significantly more documentation to complete underwriting.
A higher down payment is usually required for commercial mortgages than residential mortgages.
Commercial properties can be riskier for lenders despite their high value, so they typically attract higher interest rates.
A commercial mortgage can take about 60 days to 6 months to close. In comparison, residential mortgages can sometimes be completed in 2–6 weeks, depending on the lender and complexity.
Processing costs for commercial mortgages are generally higher than residential mortgages due to increased documentation and due diligence. You may also require the services of a mortgage broker or lawyer.
Residential appraisals are generally simpler and less expensive than commercial appraisals. Costs depend on a property’s size, type, and location.
Seeking a commercial property mortgage requires you to satisfy several criteria, including but not limited to:
This is a key metric used by lenders. It is calculated as net operating income divided by total debt service.
Lenders will assess your credit score history to judge your creditworthiness. Some lenders may still consider applicants with weaker credit profiles, depending on the deal.
Lenders evaluate the current financial health and profitability of the business. They will assess revenue, expenses, and overall financial stability. Requirements vary widely depending on lender and deal structure.
The type of business and property being financed can affect mortgage terms. Because this area can be complex, it is recommended to seek advice from a mortgage specialist.
The initial down payment for a commercial mortgage is typically higher, often between 20% and 35%. In some higher-risk or specialized deals, it may be significantly higher depending on the lender and borrower profile.
Beyond the main criteria, lenders may also evaluate:
These factors help lenders determine overall risk and long-term repayment stability.
While more complex than residential financing, commercial mortgages offer several advantages:
Commercial mortgages also come with considerations borrowers should be aware of:
There three primary lenders for this type of mortgage are brokers, banks, and other financial institutions that provide business property loans. Some viable options to explore are:
Lower is one of Canada’s top mortgage providers. They mediate between borrowers and lenders for new mortgages, refinancing, and renewing mortgages. But its extensive experience and advice regarding commercial mortgages in Canada are not all Lower offers.
They also provide home loans, home equity loans, and mortgage refinancing options. And they even offer their clients debt consolidation solutions. But when it comes to businesses, this brokerage is equipped to assist with several commercial loan options, to suit their needs.
If you’re preparing to apply, here are a few ways to improve approval chances:
There are many reasons borrowers apply for a commercial mortgage, such as property development or securing a new business location.
Fortunately, banks, financial institutions, and mortgage brokers can help finance these loans if eligibility criteria are met. However, commercial mortgages vary widely based on property type, risk, and lender requirements, so it is best to consult with a mortgage advisor before making a decision.
Understanding how to refinance your mortgage is essential if you want to access your home’s equity or potentially low...
Deciding to buy a home is an exciting milestone, but you must learn how to get approved for a mortgage. Some first-time...
If you’re considering buying real estate, mortgages are the real deal. There are different types of mortgages in Cana...
If you’re researching how to buy a home in Canada, you’re already taking an important first step toward one of life...
For many Canadians, saving for a home can feel like an uphill climb, especially in markets where prices continue to ris...
Buying a newly built home in Canada has always come with an extra cost: GST or HST. For years, the federal government h...
