An increasing number of Canadians are choosing to invest in vacation properties for various reasons such as relaxation, wealth-building, and creating memorable family moments. These properties, including non-winterized or remote locations, come with accessible mortgages offering low rates. Whether it's a lake cottage or a college housing option, there are different lending criteria for second or third homes compared to primary residences. While some vacation and secondary homes require a minimum down payment of 5% or 10%, certain categories may require 20% or more. Various types of cottages also have different requirements and may receive higher rates. The mortgage options available depend on the property type, whether it is year-round accessible or seasonal. Furthermore, down payments can be incorporated through mortgage refinancing, HELOC, or reverse mortgage. Canadians can take advantage of innovative tools that streamline processes and provide accurate information, and they can reach out for complete information and a quick mortgage pre-approval process.