Richmond BC Canada - Are you a foreign investor or non-resident of Canada?

If you are a US resident, here's good news for you:

U.S. residents who are looking to purchase a second/vacation home in Canada for their personal use may now qualify for financing.  There are Canadian banks and/or lenders who could offer home financing or mortgages  to qualified buyers, with 65% loan-to-value ratio (first $500,000) and 60% (balance).

Initial investment or downpayment usually 35%  to 40% (from own resources) will be required to purchase a property. Likewise, included in the qualifying criteria are good credit history (report obtained from US credit bureau) and employment or proof of income. Eligible properties are second home or vacation property. For example: New or existing single family dwellings or condominium units must be occupied by the applicant/property owner (rental property not eligible).