An increasing number of Canadians are investing in vacation properties to enjoy relaxation, build wealth, and create family memories. Accessible mortgage options with low rates are available even for non-winterized or remote locations, such as lake cottages or college housing. However, lending criteria for second or third homes differ from primary residences, often requiring down payments ranging from 5% to over 20%, depending on the property type and category. Year-round accessible homes and seasonal cottages face varying requirements and rates. Financing can also incorporate mortgage refinancing, HELOC, or reverse mortgages. Innovative Canadian tools streamline the process, offering quick pre-approval and comprehensive information.