An increasing number of Canadians are choosing to invest in vacation properties for relaxation, wealth-building, and family moments. Accessible mortgages with low rates are available for vacation properties, including non-winterized or remote locations, catering to various purposes such as lake cottages or college housing options. Different lending criteria apply to second or third homes compared to primary residences, with some properties qualifying for a minimum of 5% or 10% down payment, while others may require 20% or higher. Specific types of cottages may require higher down payments and receive different treatment from lenders. Mortgage options vary based on property type, categorized as year-round accessible or seasonal, and can be incorporated using refinancing, HELOC, or reverse mortgage options. Canadians can benefit from innovative tools and a streamlined process for mortgage approval. Contact for more information and a quick pre-approval process.