A growing number of Canadians are choosing to invest in vacation properties, whether for relaxation, building wealth, or creating lasting family memories. Accessible mortgages with low rates are available for a wide range of vacation properties, from non-winterized cabins to remote cottages. Different lending criteria apply to these secondary homes compared to primary residences, with down payments ranging from 5% to 20% or higher depending on the type of property. Mortgage options vary depending on whether the property is classified as a year-round accessible or seasonal vacation home, and can be secured through various means such as refinancing, HELOC, or reverse mortgage. Take advantage of innovative tools in Canada to simplify the mortgage process and obtain quick pre-approval.