What is the Best Way to Finance Real Estate in Costa Rica for Canadian Citizens?
by Quatro Legal Real Estate Team | Nov 12, 2025 | Article, Financial Solutions

Are you a Canadian citizen dreaming of owning property in Costa Rica? Learn the best ways to finance real estate in Costa Rica as a Canadian. Discover how financing works, the benefits, and the key risks to consider before buying.

Financing Real Estate in Costa Rica as a Canadian Citizen

Investing in a second home or retirement property in Costa Rica has become more than a dream, it’s a smart lifestyle and financial move. The question “What is the best way to finance real estate in Costa Rica for Canadian citizens?” has become increasingly relevant as financing opportunities for foreigners have expanded in recent years.

Financing in Costa Rica means obtaining a loan or mortgage to purchase a property, even without Costa Rican residency or local income. Not long ago, foreign buyers had to pay cash or go through complex processes with local banks. Today, new financial options exist and make it easier for Canadians to buy a home, condo, or investment property in Costa Rica while keeping liquidity available back home.

How does it work for Canada citizens? Let us introduce you to We Care Financial Solutions Package where you can explore the following financing options:

1. Private Lending Program: Private lenders in Costa Rica offer fast approvals -often within 7-10 days- based on the value of the property used as collateral rather than local financial history or debtor’s profile. These loans typically have higher interest rates but shorter timelines, ideal for buyers who need bridge financing or quick closing options.
2. Bank Loan Packages Local banks lend to foreign buyers with verifiable income, offering interest rates between 8% and 9% and terms of 15 to 30 years. To qualify, borrowers must present financial documentation and use the property as collateral, with the bank registering a first mortgage. Although the approval process can take 60 to 90 days, this option provides predictable payments and strong local oversight, making it a reliable and cost-effective choice for long-term property ownership. Through Quatro Legal’s Bank Loan Packages, this process becomes even more efficient — our team assists with the preparation and review of documentation, coordinates directly with the bank, and ensures full regulatory compliance, providing a secure and seamless path to local financing in Costa Rica.
3. Equity or Portfolio Loans: Finally, and more of an option for sophisticated investors, equity-based financing allows you to leverage your Canadian assets or investment portfolios to fund a property purchase in Costa Rica which is an excellent solution for diversifying without liquidating your existing holdings.

Steps and Process: Understanding how financing in Costa Rica works is essential for Canadian citizens looking to buy property abroad. While the process may vary depending on the financial program best suited to your needs, the first step is simple:

Fill out our Quatro Legal- Financial Solution Intake Form. This allows our team to gather the key details needed to evaluate your profile and match you with the ideal financing program.

Benefits of Financing Property in Costa Rica as a Canadian:

• No residency requirement: In many cases, Canadians can qualify for financing without having permanent residency in Costa Rica.
• Multiple financing pathways: Whether you prefer a traditional mortgage, private loan, or developer plan, there’s a structure that fits your needs nowadays.
• Property-based lending: Many lenders focus on the property’s value as collateral rather than personal financial statements, simplifying approval.
• Improved liquidity: Financing allows Canadians to preserve their Canadian-based capital and investments while still acquiring international property.
• Increased negotiation power: Pre-approved financing shows sellers you are a serious buyer, giving you leverage against cash-only offers.

Finding the best way to finance real estate in Costa Rica as a Canadian citizen depends on your goals, timing, and financial profile. 

The key is working with experienced professionals such as Quatro Legal, who understand both the Canadian and Costa Rican systems, ensuring your loan structure fits your long-term investment plan. So yes- Canadians as well, can finance properties in Costa Rica, but more importantly, they can do it strategically, choosing from several reliable options to make their dream home or investment a reality.

Our legal team specializes in assisting foreign investors through every stage of the process — from bank procedures and compliance to mortgage registration — ensuring your financing is handled efficiently and securely.

If you want to explore financing options in Costa Rica, contact us at financialsolutions@quatro.legal.

Disclaimer: The information provided in this blog post is for general informational purposes only and is not intended to constitute legal advice. While we strive to ensure the accuracy and timeliness of the content, laws and regulations are subject to change. For the most accurate and up-to-date information, please contact our office directly. Some images may be AI generated.