US investor buying in Canada

[Jason Richards]

I am a US resident and have found a property in PEI, Canada to purchase as a vacation rental. This is my first real estate purchase in Canada and I don't know what to expect. Can anyone help me figure things out? I cannot even seem to find a property valuation from the municipality and/or county online (the listing has at least one obvious error). Here are some areas of help that I need:

1. What kind of conditions I should put in the purchase agreement. I am making an offer site unseen. Of course I want it subject to property inspection, well & septic inspection and financing. Am I missing anything?

2. Is there any standard place to find property valuations for that province? I need to get reliable property information like the year it was built, sq footage, etc.

3. I bank with TD Bank in the US and was thinking to start with them (since they are a Canadian bank) to open a Canadian bank account and apply for a mortgage. I read that most banks want 35% down for a foreign investor. Anyone know of a bank that may do less?

Thanks in advance for any help that I can get!