A growing number of Canadians are investing in vacation properties for relaxation, wealth-building, and family enjoyment. Accessible mortgages with competitive rates are available even for non-winterized or remote locations, though lending criteria differ from those for primary residences. Depending on the type of vacation or secondary home—such as lake cottages or college housing—down payments can range from as low as 5-10% to 20% or more, reflecting different classifications and requirements. Mortgage options also vary based on whether the property is year-round accessible or seasonal. Buyers can incorporate down payments through refinancing, HELOCs, or reverse mortgages, while innovative Canadian tools streamline the mortgage process. Contact a specialist for detailed information and quick pre-approval.