A growing number of Canadians are choosing to invest in vacation properties, whether for relaxation, wealth-building, or precious family moments. With accessible mortgages offering low rates for various types of vacation properties, including non-winterized or remote locations, individuals can find the best financing option for their specific needs, whether it be a lake cottage or a college housing option. Different lending criteria exist for second or third homes compared to primary residences, with varying down payment requirements ranging from 5% to 20% or more depending on the category of the property. Mortgage options are tailored to the property type, whether categorized as year-round accessible or seasonal, and individuals can choose to incorporate down payments through various methods such as mortgage refinancing, HELOC, or reverse mortgage. Canadians can take advantage of innovative tools in the market to streamline the mortgage application process and ensure accuracy, making it easier to obtain complete information and quick pre-approval for a vacation property investment.