An increasing number of Canadians are choosing to invest in vacation properties for relaxation, wealth-building, and family moments. Accessible mortgages with low rates are available for vacation properties, including non-winterized or remote locations, catering to various purposes such as lake cottages or college housing options. Different lending criteria apply to second or third homes compared to primary residences, with some properties qualifying for a minimum of 5% or 10% down payment while certain categories require 20% or higher. Various requirements and rates apply to different types of cottages based on their seasonal accessibility. Mortgage options depend on the property type, with options available to incorporate down payments through refinancing, HELOCs, or reverse mortgages. Canadian investors can utilize innovative tools for a streamlined process and accurate information. For more details and quick mortgage pre-approval, reach out for complete information.