Vacation Homes

You’ve built yourself a life you’re proud of. One which you work hard to make possible. And now it’s time to invest in a space that helps you recharge, and peacefully enjoy the simple pleasures in life.

iConnect can help you find the best financing options available to purchase a vacation home where you can soak in the lazy days of summer, the breathtaking beauty of the fall, gorgeous Canadian winters and rejuvenating springs.

We’ll help you structure a mortgage that takes every factor into consideration and fully meets the needs of your financial goals.

Process


Get Prequalified
and Preapproved

Find A Real
Estate Agent

Shop For
A Property

Make An
Offer

Get A Home
Inspection

Find A
Mortgage
Broker

Consult
A Lawyer

Have The Home
Appraised

Complete The
Paperwork

Complete
The Sale

Documents Required

REQUIRED MORTGAGE DOCUMENTS

Employment and Income Verification

  • Current employment and amount of income such as:
    • Copy of recent pay slips
    • Evidence of recent pay deposited electronically
    • T1 General and associa
  • Previous employment (if required)
  • Additional income sources (if any)

Basic Financials

  • A list of current assets and liabilities
  • Bank account and transit number for payments

Confirmation of Your Down Payment

  • Savings or investments statement from within the last 90 days
  • Sale of an existing property – a copy of the sale agreement
  • Withdrawal from RRSP through the Home Buyer’s Plan, if applicable
  • Gift Letter

Property Details

  • A copy of the real estate listing
  • A copy of the accepted purchase and sale agreement
  • The property’s full address, including legal description and postal code
  • Property tax estimates, condo fees and heating costs, (usually available on the real estate listing)
  • For rural properties, well and septic certificates
  • Lawyer’s name, address, postal code, telephone and fax number

The information noted above is not exhaustive: additional documents and/or information may be requested when you apply for a mortgage. The Required Mortgage Documents Checklist has been developed for guideline purposes only.

Blog

Canadian housing activity stabilizes well below peak levels

According to the Canadian Real Estate Association (CREA), national home sales in September rose modestly from the previous month but…

Credit rating and debt servicing a mortgage

It is great feeling buying your first home, but for most of us, the first step is preparing to get…

The impact of mortgage rule changes

The mortgage rule changes that were passed by the Ministry of Finance in October 2016 are still having their effect…

REQUEST A CALL BACK

Let us call you back when it's
convenient for you!