The number of Canadians investing in vacation properties is on the rise, with options available for individuals looking to purchase a getaway home for relaxation, wealth-building, or family bonding. Accessible mortgages with low rates cater to various purposes, ranging from lake cottages to college housing options, with different lending criteria depending on the property type. While some vacation and secondary homes may qualify for a minimum down payment of 5% or 10%, others may require 20% or higher, based on categorization and lender treatment. Different types of cottages have varying requirements, with options for incorporating down payments including mortgage refinancing, HELOC, or reverse mortgages. Access innovative tools in Canada for streamlined processes and accurate information, and reach out for complete details and a quick mortgage pre-approval process.