Canadian interest in vacation properties is on the rise, offering opportunities for relaxation, wealth-building, and cherished family moments. Accessible mortgages with low rates are available for various purposes, including 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 minimum down payments ranging from 5% to 20% depending on the property type. Innovative tools in Canada streamline the mortgage process, with options for incorporating down payments through refinancing, HELOC, or reverse mortgage. Those looking to invest in a vacation property can find complete information and a quick mortgage pre-approval process tailored to their needs.