Getting a loan for an apartment building in Canada (BC)

[Natasha Laird]

Hi there,

First time poster here! My husband and I currently have 5 rental properties in BC, Canada, and due to our Reno's and recent price increases in the area, our equity has increased by approx 300K. Our next goal is to buy an apartment building, and I think we can do that under the 1.5mil price range. I was wondering what other Canadians have used to finance buying an entire apartment building, and if we can leverage our appreciated equity without selling our rentals. Is it possible to use a HELOC or refinancing to pay for a down payment of this nature? In Canada particularly.

Thank you!!

Natasha