PILLAR 03 · EXPERT INSIGHTS Interview EP 117

How to Build a Profitable Rental Portfolio in Canada with Rich Spence

with Rich Spence , President , Mortgage Center Canada
Play: How to Build a Profitable Rental Portfolio in Canada with Rich Spence
LISTEN ON ▶ YouTube
57 min · August 18, 2026 · 1 views
WHAT YOU'LL LEARN
  1. The 'Buy on Baltic' philosophy for finding undervalued, cash-flowing properties.
  2. Why every investment property must be able to carry itself at 100% financing.
  3. How to scale a portfolio while maintaining a safe 50% LTV ratio.
  4. The benefits of fixed-rate mortgages for managing investment revenue and costs.
  5. Strategies for buying out-of-province properties sight-unseen.
  6. How to delegate property management to run your portfolio in just one hour a week.
Show Notes
Timestamps 8
Questions Answered 3
Mentioned In This Episode 2
Discover the 'Buy on Baltic' philosophy with Rich Spence, President of Mortgage Center Canada. Rich shares his journey from house hacking his first home to owning apartment buildings across Canada, emphasizing the importance of starting with affordable, cash-flowing properties.



Learn the non-negotiable rules for scaling a portfolio safely, including the 100% financing rule and maintaining a 50% LTV ratio. Rich also discusses the mindset required to manage properties effectively and the benefits of buying out-of-province.
What is the 'Buy on Baltic' strategy?

It is an investing philosophy focused on building wealth by starting with less expensive, cash-flowing properties in neighborhoods that others might overlook.

Why should a property carry at 100% financing?

This rule ensures the property is a viable investment that can cover all expenses and debt service even if you use borrowed funds for the down payment.

Why does Rich Spence prefer fixed-rate mortgages?

He believes that when your investment revenue is fixed, having variable costs like interest rates can be a recipe for disaster.

  • The Financing Roadmap
  • Buy on Baltic book
Where do you start?