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Financing your Recreational Property



Financing up to 95% for your Cottage Purchase


More and more families today are finding the need for a secondary residence. Whether to meet special family circumstances and work demands or just the desire for a vacation or leisure property to get away from it all, Ganaraska is offering a new financing option through the Ganaraska Secondary Home Financing Program.


Unlike traditional financing where the home buyer utilizes the equity from their principal residence to purchase a second property, the financing under this plan is fully secured by the second property*.


Insured loans for up to 95% of a Type A properties, and uninsured loans for up to 90% of Type B properties are available to qualified clients without the use of equity from their primary residence.


To clarify with respect to leisure homes, Type A properties are the same as standard residential properties in terms of quality of construction and materials used. They can be used for year-round living and generally meet standard residential property lending requirements. Type B properties meet Type A property requirements except that a standard heating system is not required and/or the leisure home is located in an area which has only seasonal road access.


Whether by necessity or choice, purchasing a second home now has another affordable financing option.


Ask Doug about

Ganaraska Secondary Home Financing Program

and other financing options available from

Ganaraska Financial for your cottage purchase.


Doug Fairbairn

Manager, Residential Mortgages

705 875 2410