A growing number of Canadians are choosing to invest in vacation properties for relaxation, building wealth, and creating family memories. Accessible mortgages with low rates are available for properties in even non-winterized or remote locations, catering to a variety of purposes such as lake cottages or college housing options. Different lending criteria are in place for second or third homes compared to primary residences, with some properties requiring a minimum down payment of 5% or 10% while others may demand 20% or more. Mortgage options vary based on the property type, whether categorized as year-round accessible or seasonal. Various financing methods, such as mortgage refinancing, HELOC, or reverse mortgage, can be used for down payments. Canadian investors can take advantage of innovative tools and resources for a streamlined and accurate mortgage process, by reaching out for comprehensive information and a swift pre-approval process.