An increasing number of Canadians are investing in vacation properties for relaxation, wealth-building, and quality family time. Mortgage options are more accessible than ever, with competitive rates available for various property types, including non-winterized or remote locations. Lending criteria differ from those for primary residences, with down payments ranging from as low as 5% or 10% to 20% or more, depending on the home’s category and usage. Year-round accessible and seasonal cottages have distinct requirements, often influencing rates and down payments. Buyers can also incorporate down payments through refinancing, HELOCs, or reverse mortgages. Innovative Canadian tools simplify the mortgage process, allowing for quick pre-approvals and detailed guidance.