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