If big box retailers can start selling holiday items in July, I certainly can get our clients ready for Cottage Season in January!

This is the time of year when you may be able to find your dream cottage or vacation property and even get a bit of a deal.   If you follow REALTOR.ca you will slowly start to see more and more cottage and vacation properties being listed in preparation for the spring market.   If vendors are selling this early though, it could be more out of necessity than preference.   It’s a great time of the year to get your finances and pre-approval in order.

What most people do not know about cottages and vacation properties is that you can purchase one with as little as 5% down.

A 5% down payment is required for 4-season year-round access.
A 10% down payment is required for 3-season and seasonal access.

Each type of property will need to meet certain criteria, but the good news is that cottage life is closer than you think!