Buying a second property

Your home away from home

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A place to unwind 

Dreaming of spending summer weekends at the cottage, or looking for a place downtown for when you have to work late? We have advice and mortgage solutions to help you buy your second home.

"Wherever you feel at home, you are at home."

- Tibetan proverb

Guide to buying a second home

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Assess your financial situation

Take a few minutes to take stock of your finances. Find out how much you can afford to borrow and set your price range accordingly. Then estimate your monthly payments.

See calculators
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Get a mortgage loan

If your second home can be used year-round, you can get financing1 for up to 95%2 of its value. If it's a seasonal cottage, you can get financing up to 90%3 of the property's value. You can choose a fixed, variable or reduced rate on your mortgage, and your amortization period can be up to 25 years. Accelerated repayment options are available.

No matter which option you choose, don't forget to take out loan or line of credit insurance to protect your investment in the event of disability, critical illness or death.

See our mortgage loans
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Children run to dive into a lake
Children run to dive into a lake
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Get a home equity line of credit

You can also take out an All-In-OneTM line of credit for up to 65%4 of the property's value. You'll enjoy a great interest rate of Prime5 + ${p5.ecart}% = ${p5.taux}%.

You'll only need to pay interest and insurance premiums each month, and can repay the principal at your convenience. You'll also be able to access all amounts repaid as credit.

See the All-In-One line of credit
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Refinance your mortgage and leverage your home equity

Over time, your primary residence has almost certainly increased in value. By refinancing your home, you could free up funds for a down payment on a second home, or even buy it outright.

Learn about refinancing
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Happy couple talking on a couch
Happy couple talking on a couch

Need advice?

Our team is here to answer all your questions.

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Make an appointment

If you have any questions about your mortgage, fill out our form to receive a call from an advisor.

Request an appointment

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Find a mortgage expert in your region

Need more personalized advice? Select one of our mortgage experts to guide you through every step of your project.

Choose an expert

You can also speak to one of our mortgage experts by calling us at 1-855-755-9533, option 6

Build your mortgage offer

Get up to $5,800* cashback by transferring your mortgage and adding eligible products and services to your mortgage loan.

Discover the offer

* For a limited time. Please refer to the terms and conditions of each promotion.

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Tip

Take out loan or line of credit insurance to make sure your payments don't become a burden to your loved ones in the event of critical illness, disability or death.

Solutions to power your dreams

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Mortgage loan

Whether you want the peace of mind that comes with a fixed rate, the potential interest savings of a variable rate, or a combination of the two,1 we've got the right mortgage for you.

See our mortgage loans

Home equity line of credit

Buy a home with the All-In-One™ line of credit and leverage your home equity to finance new projects, like renovations or travel.6

See the All-In-One line of credit

Loan and line of credit insurance

Get disability, critical illness and life coverage for your loan or line of credit so that your loved ones don't inherit your debt.7

See loan insurance

Our mortgage solutions can help you get the home of your dreams.

See all our solutions

More on buying a home


How much should you budget for a second property?


Mortgage refinancing: why should you refinance your home?

Getting your project off on the right foot 

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Ready to get the process started?

Make an offer and protect your pre-approved interest rate for 90 days.

Get pre-approved

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Ask us your questions

Make an appointment with one of our advisors for all your mortgage questions.

Make an appointment

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Talk to a mortgage
expert

Our mortgage experts are here to provide you with personalized advice to help you move forward with your project.

Find an expert

Little details that matter

TM All-In-One is a trademark of National Bank of Canada.

  1. These solutions are subject to credit approval by National Bank.
  2. Loans exceeding 80% of the property value must be insured by the Canada Mortgage and Housing Corporation (CMHC), SagenTM (formerly known as Genworth) or Canada GuarantyTM.
  3. Loans exceeding 65% of the property value must be insured by SagenTM (formerly known as Genworth) or Canada GuarantyTM.
  4. Maximum amount allowed based on credit file.
  5. The prime rate means the annual variable interest rate posted by National Bank, from time to time, and used by the Bank to determine the interest rates on the demand loans it grants in Canadian dollars in Canada.
  6. Subject to credit approval by National Bank of Canada. Certain conditions apply.
  7. Certain conditions apply.

TM Sagen is a trademark of Genworth Financial Canada, the mortgage insurance company.

TM Canada Guaranty is a trademark of Canada Guaranty Mortgage Insurance Company.