An increasing number of Canadians are investing in vacation properties for relaxation, wealth-building, and memorable family moments. Accessible mortgages with competitive rates are available even for non-winterized or remote locations, though lending criteria differ between primary residences and second or third homes. Down payment requirements vary by property type, with some vacation homes needing as little as 5-10%, while others, especially certain cottages, require 20% or more and may face higher interest rates. Mortgage options depend on whether the property is year-round accessible or seasonal. Buyers can leverage refinancing, HELOCs, or reverse mortgages to cover down payments, and innovative Canadian tools simplify the application process. Contact us for detailed information and quick pre-approval.