Friends of mine often say, "Oh, I love Canada. I wonder if it’s easy to buy a second home up there?"
It isn’t very easy, apparently, although it can be done.
By Tom Kelly, The Boston Globe
We have some friends who chose this summer to visit Boston’s Fenway Park, most of the rest of New England and even boarded a ferry from Portland, Maine, to Yarmouth, Nova Scotia.
While they thought the vessel would be jammed with fellow tourists, they were surprised to discover the number of people from Maine, Connecticut and Massachusetts who were en route to their second home – in Canada.
"The few I talked to said they made a down payment to the seller and then asked the seller to carry the paper," said my friend, Gary. "There was really no bank financing involved."
Complete article: US lenders erect roadblock to Canadian real estate