An increasing number of Canadians are investing in vacation properties for relaxation, wealth-building, and quality family time. Accessible mortgages with competitive rates are available for various types of getaway homes, including lake cottages, seasonal cottages, and college housing, even in remote or non-winterized locations. Lending criteria differ significantly from those for primary residences, with down payment requirements ranging from as low as 5-10% to 20% or higher depending on the property type and usage. Mortgage options vary between year-round accessible and seasonal properties, and down payments can be managed through refinancing, HELOCs, or reverse mortgages. Innovative Canadian tools help streamline the mortgage process, and expert assistance is available for quick pre-approvals and comprehensive information.