More Canadians are increasingly investing in vacation properties for relaxation, wealth-building, and quality family time. Accessible mortgages with competitive rates are available even for non-winterized or remote locations, with options tailored to various needs like lake cottages or college housing. Mortgage lending criteria differ from those for primary residences; some vacation or secondary homes require down payments as low as 5-10%, while others, especially certain cottage types, may need 20% or more. Mortgage options vary based on whether the property is year-round accessible or seasonal. Down payments can be managed through refinancing, HELOC, or reverse mortgages. Innovative Canadian tools simplify the process, offering quick approvals and detailed guidance.