More Canadians are opting to invest in vacation properties for relaxation, family moments, and wealth-building. Mortgages for vacation homes are now accessible at lower rates, offering options for non-winterized or remote locations. Different lending criteria applies to primary residences compared to secondary homes, such as lake cottages or college housing options. While some vacation and secondary homes require only 5% or 10% down payment, others may require 20% or higher, depending on their category. Mortgage options depend on the property type's categorization as year-round accessible or seasonal. Down payments can be incorporated through mortgage refinancing, HELOC, or reverse mortgage, and innovative tools are available in Canada for streamlined processes. Reach out for complete information and a quick mortgage pre-approval process.