Buying an investment property may sound enticing. Purchase a second home or apartment, and then rent it out to tenants who will cover the expenditures and offer you with a consistent monthly income. In Canada, investment property mortgages differ from the type of mortgage you had when you purchased your own house. The criteria are tougher, and the down payment demand is larger. 
An investment property is a piece of real estate purchased for the purpose of generating income rather than as a primary or secondary residence. You may want to generate revenue by renting the property, reselling it once it has risen in value, or both. Investment properties can be owned by individual investors, groups of investors, or companies.