An increasing number of Canadians are investing in vacation properties for relaxation, wealth-building, and family enjoyment. Accessible mortgages with competitive rates are available even for non-winterized or remote locations, though lending criteria differ from primary residences. Vacation and secondary homes may require down payments ranging from 5% to 20% or more, depending on the property type—year-round or seasonal cottages often face higher rates and stricter requirements. Mortgage options can also include refinancing, HELOCs, or reverse mortgages to cover down payments. Innovative Canadian tools simplify the process, making it easier to find the best mortgage for options like lake cottages or college housing. Contact us for detailed information and quick pre-approval.