More Canadians are investing in vacation properties to enjoy relaxation, build wealth, and create family memories. Affordable mortgage options with low rates are available for various getaway homes, including remote or non-winterized locations. Different lending criteria apply to second or third homes compared to primary residences, with down payments ranging from 5% or 10% up to 20% or higher, depending on the type and category of the property. Year-round accessible and seasonal cottages have varying requirements and rates. Buyers can use mortgage refinancing, HELOCs, or reverse mortgages to cover down payments. Innovative Canadian tools streamline the mortgage process, making pre-approval quick and easy—contact us for full details.