Our Customers Love Us!

Holiday Homes Insurance

Get a Quote

Get Quote

HomeProperty InsuranceHoliday Homes InsuranceHoliday Home Insurance Canada

Holiday Home Insurance Canada

We do not currently offer insurance for property in Canada

It is only recently that Brits have started to turn their attention to Canada as a place to invest in a second or Holiday Home. Mention Canada to anyone and straight away they will think of the great outdoors, in fact Canada is second only to Russia in terms of land size and is renowned for it’s sheer natural beauty. The vast majority of the population ( 30 million ) live in the south and thus these leaves vast expanses of land that are sparsely populated and can often take several weeks to cross. This wilderness country is proving extremely popularly with stressed out Brits and nearly 1 million people a year are travelling to Canada as a holiday and many like it so much they decide to buy a second home.

Canada is a country of great contrasts, from temperate in the South to artic and sub artic in the North. There is a never ending supply of lakes rivers mountains and wildlife. There are some breathtaking regions to visit, including Ontario, Quebec, Prince Edward Island, Nova Scotia, the Northwest Territories and many more. Canada is well known for it’s outdoor activities and in recent years a number of it’s ski resorts ( which had been quietly fashionable for quite a while) have been attracting overseas investors, the season often lasts from November to June so the possibility of obtaining a good rental income is high. Because of the high Airfare costs, Canada ski resorts have remained a secret, many believe them to be superior to those available in Europe and many people are now discovering them for the first time.

A number of factors are helping to open up the holiday home market in Canada. Firstly, airfares between Britain and Canada are at an all time low and this has made transportation between the two counties to be reasonably attractive. Secondly, property prices are still quite low especially in the winter ski resorts where most of the British interest is focussed. Housing price growth is expected to soar in Canada and the emerging buy to let and holiday home market is helping to keep prices strong.

The Eastern resorts are proving the most popular at the present moment. Newfoundland, Prince Edward Island, Nova Scotia and New Brunswick all have health property markets On many occasions a second or holiday home is purchased with a view to obtaining an income when the property is not in use by the owner.

Like most countries Canada does how regulations relating to the renting of property and to this end and because of the distances involved many people find that appointing a local agent can be of great assistance. if you appoint a property manager to look after your property, they will be able to investigate and make sure your property adheres to all local regulations and/or legislation including zoning, necessary permits, licenses, occupancy taxes, and safety compliance. If it is not you intention to appoint a local representative, you will need to do research and make sure that your property is compliant will all local laws before you actually rent it out.

Latest News & Advice

Spanish Rental Property

Spanish Rental Property

For many people, buying a Spanish Rental Property is the first step to moving on a permanent basis, often people will spend part of the year at their Holiday Home and for the rest of the time it is empty. Renting out your own home can help pay the bills especially if you have a mortgage on the property to contend with. Spain is a very popular tourist destination and with the right amount of advertising, you may find renting your property to be quite easy....

Spanish Property Contracts

Spanish Property Contracts

With all the talk about house prices in Spain we thought it would be a good idea to run over a few tips for purchasing a home and some things to look out for. The housing market in Spain is a bit up and down at the moment so take your time before you rush in to any purchases. The golden rule of purchasing from a selection of apartment rentals in spain is never sign any legal document until you have had it checked over by your solicitor....

Spanish CGT Rebate

Spanish CGT Rebate

During the last 20 years the price of holiday homes in Spain have enjoyed an unprecedented boom, with values reaching a peak in 2007. Many UK residents though decided to dispose of their property and were subject to capital gains tax, levied by the Spanish government. If you were previously the owner of a holiday home property in Spain and disposed of the property between 1997 and the end of 2006, you would have paid 35% capital gains tax on the sale whereas Spanish residents only paid 15% tax. Many thought this was unfair and The European Court of Justice have now confirmed legal arguments put forward by a Spanish lawyer, representing a larger number of sellers that this difference in the amount of tax charged, contravenes European Community Treaty discrimination rules and should not have been charged at this level....