More and more Canadians are choosing to invest in vacation properties, whether for relaxation, to build wealth, or for important family time. Accessible mortgages with low rates are available for vacation properties, even those that are not winterized or located in remote areas. Different lending criteria apply to second or third homes in comparison to primary residences, with some vacation properties requiring a minimum of 5% or 10% down payment and others needing 20% or more. Various mortgage options are available depending on the type of property, whether categorized as year-round accessible or seasonal. Innovative tools in Canada can help streamline the process and ensure accuracy. For complete information and a quick mortgage pre-approval process, reach out today.