A growing number of Canadians are choosing to invest in vacation properties for relaxation, wealth-building, and family bonding. Accessible mortgages with low rates are available for a variety of vacation properties, including non-winterized or remote locations such as lake cottages or college housing options. Different lending criteria apply to secondary homes compared to primary residences, with some properties requiring a minimum of 5% or 10% down payment while others may need 20% or more. Various types of cottages have different requirements, with certain properties necessitating higher down payments and receiving higher interest rates. Mortgage options are dependent on the property type, categorized as year-round accessible or seasonal, and down payments can be incorporated through mortgage refinancing, HELOC, or reverse mortgage. Canadians can take advantage of innovative tools in the country for streamlined processes and accuracy, and are encouraged to reach out for comprehensive information and a quick mortgage pre-approval process.