How Canadians can finance a property in the Riviera Maya without using out-of-pocket cash A new financing alternative tailored for Canadian buyers
If you’re a Canadian exploring the idea of owning a vacation home, income property, or future retirement space in the Riviera Maya — but prefer not to liquidate savings or deal with the complexities of international banking — there’s now a financing option worth considering.
A new mechanism has emerged in the Canadian financial landscape that makes it possible for qualified individuals to acquire property abroad, including in Mexico, without the need for out-of-pocket cash. This solution is structured in Canada and allows buyers to make their payments in Canadian dollars, while using credit and financial profiles based in Canada.
How this option works
This financing mechanism is based on leveraging existing RRSP to support the acquisition of real estate outside of the country. It may be used to fund:
• Finished homes and condominiums
• Pre-construction purchases
• Land acquisitions
• Renovations and improvements
• Income-generating or commercial properties
Because the structure originates in Canada, buyers make payments in CAD, and no Mexican credit history is required. All associated transaction costs can also be rolled into the financing arrangement, eliminating the need for upfront capital.
Why it matters for Canadians purchasing in Mexico
Historically, one of the greatest limitations for Canadian residents purchasing real estate in Mexico has been the lack of access to cross-border financing. Local banks in Mexico do not typically offer mortgages to non-Mexican residents, and international lending options tend to be limited or complex.
This financing alternative helps close that gap by offering features such as:
• Qualification in as little as 24–48 hours
• Disbursement within 30–45 days
• No prepayment penalties
• Interest rates typically under 6%
• Payments made in Canadian dollars
• No need for out-of-pocket expenses at closing
This option may appeal to buyers who prefer to maintain their financial liquidity or avoid complicated international fund transfers.
Interested in learning more?
If you’re considering buying property in Playa del Carmen, Tulum, Puerto Aventuras, or Akumal, and want to explore available financing options based in Canada, our team at BuyPlaya Real Estate Advisors is here to help.
We can connect you with professionals who are familiar with this type of financial structure and help you assess if it aligns with your goals. Contact us for more information, and let’s explore the possibilities together.
Aarón is a born and raised "chilango". After finishing his university studies, what started as a social service trip became his new home and where he started a family in Playa del Carmen. He enjoys the delicious food and culture of the Yucatan peninsula with his wife, daughter, and son. As a professional, he has made a career as a specialist in social networks and electronic media, helping the companies he has worked for to efficiently achieve all their objectives in the medium.