Vacation and Second Home Mortgages

We can help you realize your dreams when it comes to a vacation home or maybe even a second home.

CENTUM Canada Vacation and Second Home Mortgages
CENTUM Canada Vacation and Second Home Mortgages

More Canadians than ever before are spending quality time in their own vacation property.

Build your net worth with a beautiful asset while providing you and your family the perfect spot to relax and unwind. Cottages and other vacation properties are providing family memories for many average Canadians, who are taking advantage of innovative new mortgage products that put these getaway homes within reach!

Owning a second home or vacation property is becoming more challenging due to current regulations and stricter requirements in Canada. Particularly, properties with limited access or services can be difficult to finance at times. However, there are still potential solutions available that offer favorable rates.

Certain lenders offer high-ratio mortgage options with a minimum down payment of only 5%, depending on the property type you are interested in. However, in some cases, a higher down payment of 20% or more may be necessary, depending on the purpose, property type, and year-round accessibility. Alternatively, you may consider refinancing your existing home and adding a second property to your mortgage as another feasible option.

Let a CENTUM® mortgage professional help answer any questions you might have.

Find a Broker/Agent