Looking to purchase a cottage?

The Vacation / Secondary Home Program allows borrowers to purchase a second home with an affordable monthly payment with 5% down payment.

Eligible Properties

Secondary Homes (Type A)

  • Maximum 1 unit
  • The property must be owner-occupied or occupied by an immediate family member
  • New construction covered by a lender approved New Home Warranty Program*
  • Existing resale properties
  • Readily marketable residential dwellings, located in markets with demonstrated ongoing re-sale demand
  • Estimated remaining economic life of the property should be a minimum of 25 years

Vacation Homes (Type B)

  • Property characteristics same as Type A properties except for the following;
  • Property need not be winterized
  • Seasonal access permitted (road not plowed during winter
Questions….contact Denise today! 416-629-5363•Maybe that dream is just around the corner! Let Denise help you to homeownership!