An increasing number of Canadians are investing in vacation properties for relaxation, wealth-building, and memorable family experiences. Accessible mortgages with low rates are available even for non-winterized or remote locations, catering to diverse property types like lake cottages or college housing. Unlike primary residences, second or third homes have different lending criteria, with down payments varying from as low as 5–10% to 20% or more depending on the property’s classification and seasonal accessibility. Mortgage options can include refinancing, HELOCs, or reverse mortgages, supported by innovative Canadian tools for accuracy and efficiency. Contact a lender to receive detailed information and quick pre-approval.