A growing number of Canadians are choosing to invest in vacation properties for purposes such as relaxation, wealth-building, and creating family memories. Accessible mortgages with competitive interest rates are available for a variety of vacation property types, including non-winterized or remote locations. Different lending criteria apply to secondary homes compared to primary residences, with varying down payment requirements based on the type of property. Mortgage options depend on whether the property is categorized as year-round accessible or seasonal. Canadians can utilize tools such as mortgage refinancing, HELOC, or reverse mortgages to make down payments on vacation properties and streamline the mortgage process. For more information and a quick pre-approval process, reach out to a mortgage lender in Canada.