Paying your property taxes might not be the most exciting part of homeownership, but it’s one of the most important. These taxes fund essential local services—like schools, emergency services, and road maintenance—and missing payments can lead to serious consequences, including late fees, interest, and even a tax lien on your home.

One smart way to stay on track? Sign up for your municipality’s TIPPS (Tax Installment Payment Plan). Instead of paying a lump sum once or twice a year, TIPPS lets you spread your property taxes out over monthly payments—making budgeting easier and avoiding the stress of large bills.

If your mortgage lender doesn’t collect property taxes on your behalf, enrolling in TIPPS is a simple way to protect your home and avoid penalties. Many cities in Alberta offer this program with automatic withdrawals and no added fees.
Staying on top of property taxes is part of being a smart homeowner.

– Michele McGarvey Team, Dominion Lending Centres

Imagine waking up to birdsong instead of traffic, sipping coffee on the dock, or gathering around a firepit with family and friends. A second home—whether it’s a lakefront cottage, a mountain cabin, or a quiet spot in a favorite vacation town—is more than just a place to escape. It’s an investment in peace of mind, connection, and lasting memories.

For many Canadians, a vacation property is becoming an achievable goal rather than a distant dream. It’s a space for weekend retreats, extended summer stays, and even a potential source of rental income. Beyond the lifestyle perks, a second home can also offer long-term financial value.

Financing a second home may be more accessible than people expect. With options tailored to vacation properties and flexibility in how rental income can be used toward qualification, the path to ownership is more straightforward than ever. Planning, budgeting, and understanding your goals are key to making it happen.

Whether it’s about getting closer to nature, creating a family legacy, or simply having a peaceful place to unwind, the dream of owning a summer retreat is within reach for more people than ever before.

– Michele McGarvey Team, Dominion Lending Centres