An increasing number of Canadians are choosing to invest in vacation properties for relaxation, wealth-building, and family bonding. Accessible mortgages with low rates are available for vacation properties, including non-winterized or remote locations, such as lake cottages or college housing options. Different lending criteria apply to second or third homes in comparison to primary residences, with varying down payment requirements based on the type of property. Mortgage options depend on whether the property is categorized as year-round accessible or seasonal. Innovative tools in Canada streamline the mortgage process, allowing for quick pre-approval. For more information, reach out for a complete overview of available options.