Financing a Cottage Property 101

There are generally only a few ways a person in Ontario can own a cottage.

  • They have $200,000+ stuffed under their mattress
  • They inherited it through a family member
  • They have a second mortgage
  • They used the equity in their home

Now most people I know don’t have $200K sitting around and if you have inherited a cottage consider yourself very lucky. […]

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Pitfalls of Building a Cottage…A Continuing Saga

Pitfalls of Building a Cottage…A Continuing Saga

As I’ve mentioned in my first article I expected unforeseen pitfalls and there have been unforeseen pitfalls. Just as things are looking like construction will soon start I get hit with these pitfalls and I’m delayed. It is a complete rollercoaster of emotions. […]

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20 Million Dollar Dream Cottage

If I had a million dollars…..Make that $20 million.

In light of our national lottery being $20 million I thought I would share with you what my dream cottage would look like.

To start out I would need a lot of land somewhere around 25 acres. […]

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Alternatives to Owning a Cottage

Alternatives to Owning a Cottage

Before I move to putting an offer on a property I think it would be best to mention a couple other options that may meet your weekend needs and not hurt your wallet as much. Fractional ownership and Renting

Fractional Ownership is not a new concept, […]

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The Cottage Property – Finding Your Vacation Home

So now you’ve driven a few hours and you’ve found one of the properties that interest’s you. Great, maybe this could be your new vacation home.

If it is a vacant lot you are probably not with the real estate agent. Look at the lot, is it level or sloped? […]

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The Drive To The Cottage Site

You’ve now found a number of cottage properties that meet your criteria and you want to go see them. First thing to do is contact the real estate agent. From my experience most of the agents do not respond to emails quickly. I’m not sure why, but it is usually a few days before you will get an email response if you get one at all. […]

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Searching For Real Estate

In Canada we are lucky enough to have a national real estate listing website. It’s called the Multiple Listing Service or MLS. Going to the website and entering your search criteria will return any number of postings from numerous agents across the country. But if you don’t know what you’re searching for, […]

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Building A Cottage

Hello, my name is Tim. I’m 32 and live about 35 minutes outside of Toronto, Ontario Canada. For anyone reading this outside of Ontario, owning a cottage is a very common thing here. It’s to the point where there are almost no more decent waterfront lots available within 3.5 hrs of Toronto. […]

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