Ask the mortgage expert: Is now a good time to buy a cottage in Canada? (2026)

Following the herd rarely gets you the best deal is one thing I have learned through almost four decades in the mortgage and real estate industry. When everyone is rushing into the market, bidding blind, and waiving conditions, you end up paying a massive premium. But when everyone is sitting on the sidelines—waiting for the “perfect” moment or letting economic headlines dictate life’s choices—that is precisely when smart money makes its move.

Right now, in the summer of 2026, Canada’s cottage country landscape offers a unique real estate opportunity not seen in recent memory. In a nutshell: I think this is a buyer’s market. Continue Reading…

I hope you will enjoy this article and if you have any questions or would like to discuss I am always available.

Your best interest is my only interest. I reply to all questions and I welcome your comments. Like this article? Share with a friend.

Steve Garganis: 416-224-0114; steve@canadamortgagenews.