More and more Canadians are choosing to invest in vacation properties as a means of relaxation, wealth-building, and creating moments with their families. Accessible mortgages with low rates are available for vacation homes, including those in non-winterized or remote locations, such as lake cottages or college housing options. Different lending criteria apply to second or third homes compared to primary residences, with down payment requirements varying depending on the type of property. Mortgage options are categorized based on the property type, whether year-round accessible or seasonal, and down payments can be incorporated through various means such as mortgage refinancing, HELOC, or reverse mortgage. Canadians looking for information or fast mortgage pre-approval can take advantage of the innovative tools and streamlined processes available in the country.