An increasing number of Canadians are investing in vacation properties to enjoy relaxation, build wealth, and create family memories. Accessible mortgages with low rates are available even for non-winterized or remote vacation homes, such as lake cottages or college housing. Unlike primary residences, second or third homes have different lending criteria, with down payments ranging from 5% to over 20% depending on the property type and usage. Year-round accessible homes may have different requirements than seasonal cottages, which often face higher rates and down payments. Canadian buyers can utilize mortgage refinancing, HELOCs, or reverse mortgages for down payments and benefit from innovative tools for a smooth approval process. Contact us for detailed information and quick pre-approval.