More 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 locations, catering to various needs like lake cottages or college housing. Unlike primary residences, vacation and secondary homes have different lending criteria, with down payments ranging from as low as 5% to 20% or more depending on the property type and seasonal accessibility. Financing options include mortgage refinancing, HELOC, or reverse mortgages. Innovative tools streamline the process, offering accuracy and quick pre-approvals—contact a specialist for comprehensive information and guidance.