Canadian Real Estate

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David Mateo Camelo Corredor
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How do I refinance my Ontario house to buy a Quebec property?

Posted Jan 24 2022, 14:05

So I own a house in Peterborough Ontario that I bought it in 2021 for 302,000 I put around 100,000 into it and some Realtors are saying it's worth around 580,000 (5 bedroom, 2.5 washrooms). My parents have a house in the same town and their mortgage is 102,000 their house is worth around 510,000 it's a (5 bedroom, 2 washrooms). I moved to Brossard, Quebec and I am seeing the opportunity of owning realestate there to rent it out (that's what we do in Peterborough). My question is I need to be creative with financing since we don't have a lot of cash at the moment. Is there any way you guys know of refinancing or getting money at a good rate to buy properties in Quebec using your Ontario realestate?

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