Dreaming of a peaceful cabin by one of Saskatchewan's 100,000+ lakes or a getaway anywhere in Canada? Purchasing a vacation property or cabin is an exciting venture, and we’re here to guide you every step of the way.

Your step-by-step guide to buying your vacation property or cabin

The step-by-step guide below is a comprehensive guide tailored to support you at every stage of this journey - from research to buying. While some may prefer a hands-on approach, remember that we're here for you every step of the way. Feel free to dive into the process independently, but don't hesitate to reach out to us whenever you need guidance. Together, let's navigate through each step, starting with the first, and transforming your vacation home into reality.

Step 1

Assess your finances and get pre-approved

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Use our budget calculator to see what you may be comfortable spending on a mortgage payment each month.

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Use our Mortgage Affordability calculator to see how much money you can potentially borrow to buy a home. The calculator looks at your income, debt and living expenses and is for illustration purposes only.

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Think about the extra costs of owning a second home, including property taxes, home insurance, and maintenance. Consider saving for some of these extra costs using a savings account or short-term deposit.

Step 2

Talk to a Mobile Mortgage Specialist or Financial advisor

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Prior to searching for a vacation property or cabin, schedule a meeting with a Mobile Mortgage Specialist or Financial advisor to discuss your finances, goals and hopes for a vacation property.

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Understand the different mortgage options that may be available to you and any requirements you’ll need to consider.

To be eligible for financing, we require vacation properties and cabins to be in Canada. Additionally, some requirements must be met when it comes to owned and leased lands, water, and sewer sources, heating sources, etc.

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Lock in your interest rate (for up to 120 days) and get pre-approval so you know your budget when searching for your vacation property or cabin.

Step 3

Search and selection

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Work with a realtor to find your dream vacation home or property.

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Once you find a property you love, draft an offer outlining how much you’re willing to pay. Be sure to negotiate any terms, including possession date, conditions, etc.

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Prior to submitting your offer, check in with your Mobile Mortgage Specialist or Financial Advisor to ensure the property meets all financing requirements.

Step 4

Mortgage application and approval

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After your offer is accepted, work with your Mobile Mortgage Specialist or Financial Advisor to explore your mortgage options. We offer Value, Flex-Feature and Variable mortgages.

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Decide if you want a fixed or variable mortgage, open or closed mortgage, and what your payment schedule will be.

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Work with a lawyer to complete any of the necessary paperwork that’s required to close the deal.

Step 5

Inspections, insurance and closing

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Conduct a thorough inspection of the property to identify any issues and work with your realtor, lawyer, and the seller to address any concerns.

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Purchase home insurance and consider home protection insurance for unexpected events, like job loss or disability.

Financing for seasonal campground property

There are some campgrounds that offer an annual seasonal site with the ability to buy/lease land and make the site your own. These sites often don’t qualify for mortgage financing, as trailers are not considered permanent residence. In these scenarios, an alternate loan option would be needed for financing the purchase of property, such as a line of credit.

Vacation property/cabin financing

Property must be in Canada. We do not provide financing for vacation properties outside Canada.

Flex feature and value mortgage options available to choose from.

Different amortization options to help reduce your loan balance.

Meet our Mobile Mortgage Specialists

As a first-time homebuyer, we understand the importance of flexibility. Our Mobile Mortgage Specialists bring the branch to you, accommodating your schedule and providing personalized service, ensuring you can easily navigate the journey to your first home without any unnecessary stress.

Tools & Resources


Calculate your payment or mortgage amount.

Money Advice for Life

Tips for reducing the stress of buying a house.

Have questions? That’s what we’re here for!

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Give us a call

Have questions about which mortgage option is most suitable for you?

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Connect with us

Ready to start your homeownership journey? Fill out this form and one of our Mobile Mortgage Specialists or Financial advisors will be in touch shortly.