Increasing numbers of Canadians are choosing to invest in vacation properties not only for relaxation but also for wealth-building and family moments. With accessible mortgages offering low rates for vacation properties, including non-winterized or remote locations, there are options available for various purposes such as lake cottages or college housing options. Different lending criteria apply to secondary homes compared to primary residences, with some properties qualifying for lower down payment options while others require 20% or more. Specific types of cottages may also necessitate higher down payments and interest rates. Mortgage options depend on the property type, whether categorized as year-round accessible or seasonal, and down payments can be incorporated via options such as mortgage refinancing, HELOC, or reverse mortgages. Canadians looking for vacation property financing can utilize innovative tools in Canada for a streamlined and efficient process, with the opportunity for quick pre-approval.