More and more Canadians are choosing to invest in vacation properties, whether it be for relaxation, wealth-building, or family time. Accessible mortgages with low rates are available for a variety of vacation property types, including non-winterized or remote locations, such as lake cottages or college housing options. Different lending criteria apply to second or third homes compared to primary residences, with some vacation homes qualifying for a minimum 5% or 10% down payment, while others require 20% or more. Various types of cottages have different down payment requirements and receive different treatment from lenders depending on whether they are categorized as year-round accessible or seasonal properties. Innovative tools in Canada make the mortgage process streamlined and accurate, so reach out for more information and a quick pre-approval process.