An increasing number of Canadians are investing in vacation properties for relaxation, wealth-building, and quality family time. Accessible mortgages with competitive rates are available even for non-winterized or remote locations, though lending criteria differ from primary residences. Depending on the type of vacation or secondary home—such as a lake cottage or college housing—down payments can range from as low as 5-10% to 20% or more, with higher rates often applying to certain cottage types. Mortgage options also vary based on whether the property is year-round accessible or seasonal. Borrowers can incorporate down payments through refinancing, HELOCs, or reverse mortgages. Innovative Canadian tools simplify the process, and quick pre-approvals are available for those seeking detailed information.