The trend of Canadians investing in vacation properties is on the rise, with accessible mortgages featuring low rates even for non-winterized or remote locations. Various purposes such as relaxation, wealth-building, and family moments can be fulfilled by investing in a getaway home like a lake cottage or college housing option, each with their own lending criteria. Some vacation and secondary homes can qualify for a minimum of 5% or 10% down payment, while others may require 20% or higher, depending on the property type. Mortgage options also vary based on the property type, whether categorized as year-round accessible or seasonal. Innovative tools in Canada can facilitate the mortgage process, including options such as mortgage refinancing, HELOC, or reverse mortgage. Interested parties are encouraged to reach out for complete information and a quick mortgage pre-approval process.