An increasing number of Canadians are choosing to invest in vacation properties as a way to unwind, build wealth, and create lasting family memories. Accessible mortgages with low rates are available for vacation properties, including non-winterized or remote locations, catering to various purposes such as a lake cottage or a college housing option. 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 year-round accessible or seasonal, and down payments can be incorporated through various methods such as mortgage refinancing, HELOC, or reverse mortgage. Canadians can take advantage of innovative tools in Canada to simplify the mortgage process and obtain quick pre-approval.