Using Your Home Equity to Buy Property Abroad: A Growing Trend
Lately, I’ve noticed an interesting trend among my clients—more and more are choosing to refinance their homes here in Canada to buy property somewhere else, especially in sunny destinations like Belize and Costa Rica.
Here’s how it works:
Clients take advantage of the equity they’ve built up in their Canadian home. Instead of using that equity to renovate or invest locally, they’re refinancing and pulling out funds to buy property abroad outright—no mortgage, no payments. Just a beautiful vacation or investment property, free and clear.
It’s a smart move for a few reasons:
- Low borrowing costs here can give you access to capital at a much better rate than you’d find elsewhere.
- It allows you to diversify your investments or even set yourself up for future retirement plans.
- It turns your home equity into a tool for building more wealth or enjoying life on your terms.
And it’s not just limited to tropical destinations. You can use your home equity to buy a cottage, a rental property, or any second home—here or abroad.
If you’ve built up equity in your home and are curious about how you could use it to fund your next dream property, let’s talk. I’d love to show you what’s possible.