North America’s vacation property resource
North America’s vacation property resource
Welcome to our resource page on vacation home rules for buyers, sellers and owners of vacation properties in the United States and Canada.
Explore articles covering various topics related to vacation home rules, laws and regulations including down payment requirements, lending rules, distance requirements and house rules for guests. In particular, topics include: What is the Interest Rate on a Vacation Home, How to Manage a Family Vacation Home, Down Payment for a Vacation Home: Guidelines for Buyers in the United States and Canada, How Far Away Should a Vacation Home Be, How Much Vacation Home Can I Afford, Are Mortgage Rates Higher for Vacation Homes and others. Be sure to check back often as new topics are added.
Last updated on August 16, 2021 If you’re asking yourself: can I afford a vacation home and, if so, how much vacation home can I afford?, you should consider the following: Size of your down payment Your debt to income ratio Rental income Equity from primary residence Be sure to explore our Can I Afford…
Read More
Last updated on August 16, 2021 As more and more people look to expand their real estate portfolio, the recreational housing market continues to see strong demand in the United States and Canada. For some, a second home may represent a welcome escape from the busy city life. For others, a second home may represent…
Read More
Last updated on August 22, 2021 Vacation Home vs Investment Property: General Distinctions Generally speaking, a vacation home is used for recreational purposes on a part-time basis by the owner. An investment property, on the other hand, is purchased with the intention of earning a return on investment, which can be in the form of…
Read More
A recent BC Supreme Court Decision highlights the importance of reviewing local zoning bylaws before completing a purchase of a recreational property in British Columbia. By way of background, two owners of waterfront properties on Red Lake, BC (about 50 km northwest of Kamloops) fought an action by Thompson-Nicola Regional District (“TNRD”) seeking an injunction…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.