Blog by Patricia Houlihan - Personal Real Estate Corporation

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Recreational Property as an investment

             

It used to be much more difficult to buy invest in recreational property.  It used to be that it required a higher down payment, and less favourable mortgage terms.  Now lenders may be willing to lend at the same competitive rates given when buying a principal residence.  Of course, given the recent release of statistics showing that it costs an average of $1 million to buy a waterfront cabin in BC, it may be that for those who live in Vancouver , hanging out here for the summer makes a lot of financial sense!

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