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Featured Rates

FIXED RATE

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3.99%

5 YEAR

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VARIABLE RATE

This illustration features an hourglass with a yellow top and bottom. Inside the top half, a dollar sign is prominently displayed, representing how time equates to money—a concept every mortgage broker at Turkin Mortgage understands well, as sand trickles seamlessly down.

4.95%

5 YEAR

Inquire
We don’t work for banks. We work for you
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Vacation Property Mortgage Canada

High-Ratio Vacation Property Mortgages: Low Down, Secure Solutions

Apply Now
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Based on 150 Verified Google Reviews

Expert Advice, Zero Pressure

Vacation Property Mortgage Canada

  • Quick, Simple and Secure!
  • No Credit Check Needed
  • No 100% Confidentiality
  • No Obligation and No Cost to You
  • Lowest Mortgage Rates
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Apply Now
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Based on 150 Verified Google Reviews

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Featured at

Looking for your perfect escape spot?

Getting a vacation home mortgage in Canada is simpler than you think. We’ll assist you throughout the process, turning your dream lake house or mountain cabin into a reality. Want to start creating unforgettable moments? Reach out to us now!

  • Quick, Simple and Secure
  • Fast Pre-Approval
  • No Obligation and No Cost to You
  • 100% Confidentiality
Apply Now
Turkin Mortgage Team that helps you find the best and Lowest Mortgage Rates in Ontario, Toronto Canada
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Discover the Best Mortgage Rates in Ontario

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4.54%

1-Year Fixed Rate Mortgage

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3.65%

3-Year Fixed Rate High-Ratio Mortgage

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3.65%

5-Year Fixed Rate High-Ratio Mortgage

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3.90%

3-Year VRM Rate High-Ratio Mortgage

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3.54%

5-Year VRM Rate High-Ratio Mortgage

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3.54 %

5-Year VRM Rate High-Ratio Mortgage

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Access Competitive Rates from Top Lenders

Whether you’re buying, refinancing, or investing, we offer customized solutions - including high-ratio options for low down payments. From application to keys in hand, our team guides you every step, prioritizing your budget, timeline, and peace of mind. Plus, your personal information stays secure with our transparent privacy practices.

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Why Choose Us for Your Vacation Property Mortgage?

Unlock your dream getaway with ease. We connect you to 35+ trusted lenders, securing some of Canada’s most competitive rates – often reducing mortgage costs by up to 1%. Our streamlined online application takes just minutes, and you’ll experience rapid approvals and quick closings, so you can enjoy your property sooner.

Banks

  • Customers are treated like transactions
  • One set of products & policies
  • Lender needs come before yours
  • Long application processing wait times
  • Call centres and a revolving door of staff

VS

Turkin Mortgage

  • Customers are treated like people
  • Considered options from over 35 lenders
  • Your needs and goals always come first
  • Experienced mortgage experts located in Toronto
  • Stable dedicated team to champion your finance approval
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$1000 Cash Back or Free iPad When You Close With Us!

*Certain conditions may apply, ask a Turkin Mortgage Agent for more details.
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Contact Us

Our Vacation Property Mortgage Process

Choose confidence. Choose convenience. Choose us.

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Step 1

Tell Us About Your Dream Getaway

Share your vacation home goals, budget, and location wish-list. We’ll listen, answer your first questions, and start tailoring solutions that fit you.

Step 2

Simple Application, No Stress

Fill out our easy online form - just the essentials, no endless paperwork. Need help? We’re always a call or click away.

Step 3

Get Your Personal Mortgage Options

We hunt down the best deals, then walk you through your options (including rates and terms), explaining everything in plain language.

Step 4

We Handle the Heavy Lifting

Once you decide, we take care of paperwork, bank talks, and follow-ups. You get updates at every step - no surprises, just progress.

Step 5

Keys in Hand, Vacation Mode On

Once approved, celebrate! Unlock your new property with confidence. We’re still here if you have questions, even after closing.

Plan Your Home Purchas with Our Mortgage Calculator

Turkin Vacation Property Mortgage Benefits

Enjoy Your Dream Vacation Property, Hassle-Free

Acquire your perfect holiday home in Canada without the stress of lengthy paperwork or complicated processes. We simplify every phase so you can concentrate on creating unforgettable moments.

Simple Financing Options Tailored for You

Find mortgage solutions that match your lifestyle, whether it's for summer by the lake or winter in the mountains. Pick what aligns with your financial plans and aspirations.

Grow Your Wealth While You Relax

Each vacation is more than a getaway; it's an opportunity to increase your equity. Let your property work for you, building value even when you're not around.

Guidance From Expert Advisors

Our seasoned mortgage specialists make navigating vacation property finance straightforward, turning complex terms into easy-to-understand advice. Move forward with confidence at every step.

Swift Approvals for Everyone, Anywhere

No matter where you reside, our streamlined process ensures quick approval, eliminating unnecessary delays. Access your vacation spot sooner without hurdles.

Cherish Every Moment With Peace of Mind

Relish every stay knowing your mortgage is secure. We assist in finding the ideal financing solution so you can prioritize what truly matters—joy, relaxation, and cherished memories.

What Toronto Homebuyers Say About Turkin Mortgage

Real experiences from Toronto residents who chose Turkin Mortgage for their home financing needs. Discover the quality and reliability of our services through their testimonials.

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Based on 150 Verified Google Reviews

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Based on 150 Verified Google Reviews

Turkin Mortgage: Where You Matter

If you’re worn down by subpar service from banks and other brokers, we’re here for you. We offer premium service that the big banks just can’t deliver.

With experienced mortgage brokers located right here in Toronto we’re ready to help you achieve and exceed your goals.

3.79%

Hold rate for 120 days

YES

Cashback available

↑ 20%

Lump sum prepayment 20%

house

48H

Quick close, 48 hours

3.79%

FAQ

Worried about meeting the criteria for a vacation home loan? Whether it's a beachfront villa or a cabin in the woods, here's what you'll typically need:
  • Credit History: Aim for a credit score of at least 680; higher scores could mean better interest rates.
  • Income Stability: Demonstrate steady earnings from employment or self-employment.
  • Debt-to-Income Ratio: Keep total monthly debts, including your new mortgage, under 43% of your gross income.
Savings Reserves: Expect to show savings covering 2-6 months of mortgage payments.
  • We're here to connect you with lenders who focus on vacation properties and guide you through the process with clarity.
Got questions about the initial payment? Generally, you're looking at a 20 - 35% down payment, varying by location and type of property. For those needing less upfront, ask about options requiring as little as 10% down with CMHC insurance.
Running your own business and thinking it's a hurdle? Not at all! We assist in:
  • Compiling 2+ years of tax or financial documents.
  • Demonstrating reliable income via contracts or retainers.
  • Finding lenders who consider assets alongside income.
Unsure about which loan suits your needs?
  • Second Home Loans: For part-time personal use, with rates above primary homes but below investment properties.
Investment Loans: Designed for full-time rentals, often requiring bigger down payments (25 - 30%) and more stringent income checks.
  • We’ll help you choose based on your property's intended use.
Worried about higher rates? Vacation property loans typically have rates that are 0.25% - 0.75% above those for primary residences. Through our extensive lender network, we strive to secure you the most favorable terms.
Concerned about your current debts? Lenders look at two key ratios:
  • GDS (Gross Debt Service): Mortgage, utilities, and taxes should not exceed 32 - 39% of your income.
TDS (Total Debt Service): All debts plus housing costs should stay under 40 - 44% of your income.
  • If your ratios are tight, we can explore debt consolidation or alternative lending options with you.
Feeling lost in insurance details? You'll likely need:
  • Fire and Extended Coverage: A must for most lenders.
  • Flood/Earthquake Insurance: Especially in high-risk areas.
Liability Insurance: To cover any guest injuries.
  • We assist in finding insurers who understand the specific risks of your vacation property area.
Worried about appraisal differences? Properties in rural or seasonal areas might need:
  • Custom Appraisals: To reflect unique features like waterfront access.
Recent Comparable Sales: Ensuring lenders use the latest local data.
  • For distinctive properties (like log cabins), we work with lenders offering flexible valuation methods.
Have a property that's not accessible year-round? Consider these options:
  • Seasonal Property Loans: Perfect for homes you can't reach in winter.
  • Green Energy Discounts: Benefits for off-grid solutions like solar or wind.
  • Farm/Acreage Lenders: If your property includes farm potential or vast land.
Thinking of renting but unsure of the regulations? Here's a quick guide:
  • Second Home Loans: Typically permit short-term rentals (e.g., up to 30 days a year).
Investment Loans: Necessary for year-round rentals, factoring in potential rental income more heavily.
  • We’ll make sure you understand the terms to avoid any penalties.
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