An increasing number of Canadians are choosing to invest in vacation properties for relaxation, wealth-building, and family enjoyment. Accessible mortgages with low rates are available for vacation properties, including non-winterized or remote locations, with different lending criteria applying to second or third homes compared to primary residences. Some vacation and secondary homes may qualify for a minimum 5% or 10% down payment, while others may require 20% or higher. Different types of cottages have varying requirements and rates, categorized as year-round accessible or seasonal. Options for incorporating down payments include mortgage refinancing, HELOC, or reverse mortgage. Innovative tools in Canada make the mortgage process streamlined and accurate, with complete information and quick pre-approval available upon reaching out.