Resort Cottage Financing & Ownership FAQs
Purchasing a resort cottage is a big decision, but financing your dream vacation property may be more affordable than you think. At Great Blue Resorts, we work with trusted lenders who specialize in recreational and resort cottage financing, helping families enjoy cottage ownership with flexible payment options.
Qualified buyers may be eligible for financing with competitive rates and extended amortization terms, making it easier to purchase a new or pre-owned resort cottage at one of our Ontario resorts. Whether you’re comparing resort cottage ownership to a traditional cottage, exploring financing options, or calculating monthly ownership costs, our team is here to guide you through the process.
With financing solutions, trade-in opportunities, and ownership options designed to fit a variety of budgets, Great Blue Resorts makes resort cottage ownership accessible for families looking to enjoy 26 weeks of seasonal cottage living each year.
*Financing rates, terms, and eligibility requirements are subject to lender approval and may vary based on individual financial circumstances.
Frequently Asked Questions about Resort Cottage Ownership
What is a resort cottage?
A Great Blue Resorts resort cottage is a three-season summer home away from home, specifically built and manufactured for Great Blue Resorts’ owners to enjoy by Northlander Industries.
Many of our owners and renters have asked what goes into the fabrication of these budget friendly, resort cottages. Northlander Industries prides itself with using nothing but the best quality materials and up-to-date fabrication techniques. Being a proudly Canadian company, like Great Blue Resorts, Northlander’s resort cottages are guaranteed to withstand our country’s climate; Built By Canadians for Canadians!
Watch this video to learn exactly what goes into fabricating a resort cottage:
How much do resort cottages cost?
Our brand-new resort cottage models start from as little as $79,900. Many owners choose to finance their purchase through our affordable financing programs, with down payments starting from approximately $18,000 and low weekly payments available for qualified buyers.
We also offer a selection of pre-owned resort cottages for sale throughout the season. Pricing varies by model, location, age, and included features. Contact our Cottage Sales Experts to learn about current inventory, financing options, and available ownership opportunities.
What’s Included?
Pack up Fido, the kids, and your groceries for the weekend. We’ve got the rest covered.
Our annual resort management fee is designed to provide a worry-free cottage ownership experience and covers many of the ongoing operating costs associated with traditional cottage ownership, including:
- Utilities
- Garbage and recycling services
- Grounds maintenance
- On-site management and reception
- Family activities and entertainment programs
- Access to resort amenities
Annual fees vary by resort and site location.
Is this a Timeshare?
No. Great Blue Resorts offers true resort cottage ownership, not a timeshare.
You purchase and own your resort cottage outright and choose the model and site that best fit your family’s needs. Owners enjoy up to 26 weeks of seasonal use throughout the spring, summer, and fall seasons. If you decide to sell your resort cottage in the future, you are free to do so.
Would you take a trailer/RV as a trade-in?
Yes, more and more people are looking at resort cottage ownership as an alternative to a RV/trailer. We offer very competitive trade-in values against the purchase of a new or pre-owned resort cottage. Best of all, we do all of the paperwork, making it a simple transition.
Can I rent my cottage out when I’m not using it?
Yes. Many Great Blue Resorts locations offer a professionally managed rental program that allows owners to generate rental income when they are not using their resort cottage.
Our team manages marketing, reservations, guest communication, and cleaning, making it easy for owners to offset ownership costs while still enjoying personal use of their cottage.
Outside of my annual resort management fee, what other costs are there?
Just like your home or car, your resort cottage requires insurance too. Ask about our CareFree Platinum program for just $545+HST per year to qualify for our competitive group insurance rate. This program also includes the summarization, winterization and complete cottage inspection. On average our owners typically spend $150-$200 on propane each year too.
How often do the resort management fees increase?
We make every effort to minimize increases across our resorts but, like most things, costs do increase from time to time. We make every effort to keep increases to a cap of 3-5% annually.
Can I finance a resort cottage purchase?
Yes. Great Blue Resorts works with specialized lenders that offer financing solutions for qualified buyers. Financing terms, rates, and down payment requirements vary based on your financial profile and the cottage being purchased. Our team can help you explore available financing options and guide you through the application process.
What credit score do I need to finance a resort cottage?
Financing approval is determined by our lending partners and considers several factors, including credit history, income, debt obligations, and down payment amount. Our team can discuss available options and connect you with financing providers to determine eligibility.
What are the ongoing costs of resort cottage ownership?
In addition to the purchase price, owners are responsible for annual resort management fees, insurance, propane usage, and optional maintenance services. These costs are often significantly lower and more predictable than the expenses associated with traditional cottage ownership, making resort cottage ownership an attractive alternative for many families.
