There is a growing trend among Canadians to invest in vacation properties. These getaway homes provide opportunities for relaxation, building wealth, and creating special family moments. What's more, accessible mortgages with low rates are available for vacation properties, even those that are non-winterized or located in remote areas. Whether you're looking for a lake cottage or a housing option for college, there is a mortgage option that suits your needs. However, it's important to note that different lending criteria apply to second or third homes compared to primary residences. The down payment requirements also differ, with some vacation and secondary homes qualifying for as little as 5% or 10% down payment, while others require 20% or more. The type of property, whether year-round accessible or seasonal, also influences the mortgage options available. With innovative tools and streamlined processes in Canada, obtaining complete information and a quick mortgage pre-approval is easier than ever.