More Canadians are investing in vacation properties to enjoy relaxation, build wealth, and create family memories. Accessible mortgage options with low rates are available even for non-winterized or remote getaway homes, including lake cottages or college housing. Unlike primary residences, second or third homes have different lending criteria, often requiring down payments ranging from 5% to 20% or more, depending on the property type and seasonal accessibility. Certain cottages may demand higher down payments and interest rates. Buyers can incorporate down payments through refinancing, HELOC, or reverse mortgages. Innovative Canadian tools simplify the mortgage process, allowing for quick pre-approval and comprehensive guidance.