An increasing number of Canadians are investing in vacation properties for relaxation, wealth-building, and family time. Accessible mortgages with low rates are available for vacation properties, 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 some vacation and secondary homes qualifying for a minimum of 5% or 10% down payment, while others may require 20% or higher. Mortgage options vary based on the property type, categorized as year-round accessible or seasonal, and down payments can be incorporated via mortgage refinancing, HELOC, or reverse mortgage. Canada offers innovative tools for a streamlined mortgage pre-approval process with complete information available upon reaching out.