If you spend most of the winter outside Canada, you may want to explore the opportunity to rent out your Canadian home while you’re away.
Renting out your Canadian residence can have a number of benefits, including helping to cover the costs of your winters away. The extra income can be used to supplement or even offset the cost of your winter home or rental. Another benefit is that your home will be lived in and therefore you won’t have to find someone to inspect it daily or every other day, to meet your insurance requirements.
If you’re considering investing on Rental, we encourage you to speak with our specialist who will discuss your unique financing needs.