Vacation home investment is becoming increasingly popular in Canada due to accessible mortgages with low rates, making it easier to purchase even non-winterized or remote properties. The options for vacation properties range from lake cottages to college housing options, each with different lending criteria from primary residences, meaning higher down payments and interest rates in some cases. The categories and requirements differ depending on the property type, with some requiring a minimum of 5% or 10% down payment, while others will need at least 20%. Mortgage refinancing, HELOC, or reverse mortgages can be used for down payments with innovative tools available in Canada for a streamlined and accurate process. Contact for complete details and a quick mortgage pre-approval process.