The job and you may changes in lifestyle as a result of the latest pandemic possess of numerous Canadian residents contemplating to order 2nd characteristics – should it be a cottage, a good pied-a-terre or permitting mature pupils pick a property inside the an attractive housing market.
Record-low interest try driving the fresh new check for these types of places, and some Canadians are utilizing the brand new significant guarantee built up during the the dominant houses so you can secure the deal.
There are various facts and strategies to consider using this type of kind out of money, Mr. Weintraub claims, dependent on your own real estate position and objectives.
A way to finance the next property
Often the best bet is always to refinance your current mortgage. (more…)