Buying a second home: How it works in Canada Feb 16th

TSX getting you down? There are always sound investment alternatives.

Latest News

Wall Street and the dollar tumble as investors retreat further from the United States - Yahoo + MORE Apr 21st

Wall Street and the dollar tumble as investors retreat further from the United States YahooStock market today: Dow sinks 1,200 points, S&P 500, Nasdaq tank with Trump's tariffs, Powell bashing in focus Yahoo FinanceNorth American stock markets fall further as Trump’s Fed .... More »

Playing with FIRE: Why financial independence looks different for young Canadians + MORE Mar 27th

Joe Dominguez and Vicki Robin first kindled the FIRE movement (Financial Independence, Retire Early) in their 1992 book Your Money or Your Life (Penguin Books), encouraging people to save aggressively, live frugally and challenge the bounds of a 9-to-5 work week. The idea flared up again around.... More »

Opinion: Big money puts its trust in Canadian Natural Resources’ Murray Edwards - The Globe and Mail + MORE Oct 7th

Opinion: Big money puts its trust in Canadian Natural Resources’ Murray Edwards The Globe and MailCanadian Natural Resources signs deal to buy Chevron’s Alberta assets for US$6.5-billion The Globe and MailBlockbuster $8.8-billion Chevron deal further consolidates Canadian c.... More »

OAS payment dates in 2025, and more to know about Old Age Security + MORE Jan 6th

If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »

Should you hold gold in a RRIF? Aug 7th

Ask MoneySense I have a RRIF (registered retirement income fund) and I am looking to shift it to gold. I am 65 years old. Is this safe and does this make sense? —Audrey Investing in gold for retirement in Canada Gold prices have surged recently, rising 26% over the past year. Silver has .... More »

Buying a second home: How it works in Canada

– moneysense.ca

What does it take to buy a second home in Canada? There’s a lot to consider, from figuring out whether you can afford to buy a second property (and whether it’s worth it) to navigating the down payment requirements and mortgage rules. To help you get started, we’ve answered these questions and more.

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

Table of contents: Buying a second home

Second home or investment property: What’s the difference?

The rules for buying a second home in Canada

Affording a second home

The best mortgage rates in Canada

Financing your second home

The best HELOC rates in Canada

Is buying a second home worth the investment?

The tax implications of buying a second home

Second home or investment property: What’s the difference, and does it matter?

Generally, a second home refers to a real estate property that is owner-occupied, meaning the owner will be living in it at least part of the time…

Continue Reading On moneysense.ca »

Not sure what the best Investment returns in Canada are? Be sure to get the best advice possible – Visit our Investment page for details.

Share