As the number of Canadians investing in vacation properties continues to rise, there are accessible mortgages with low rates available for non-winterized or remote locations such as lake cottages or college housing options. Different lending criteria apply to secondary homes compared to primary residences, with some properties qualifying for a minimum of 5% or 10% down payment while others require 20% or higher. Various types of cottages have different requirements, with mortgage options depending on the property type. Down payments can be incorporated through mortgage refinancing, HELOC, or reverse mortgage, with innovative tools in Canada available for streamlined processes. For complete information and a quick mortgage pre-approval process, reach out to find the best mortgage for your vacation property investment.