An increasing number of Canadians are choosing to invest in vacation properties for various reasons such as relaxation, wealth-building, and spending quality time with their families. Furthermore, even non-winterized or remote locations are now more accessible due to readily available mortgages with low rates specifically designed for vacation properties. Whether it's a lakeside cottage or a housing option for college, there are different mortgage options available to suit various purposes. However, it's important to note that lending criteria for second or third homes are different compared to primary residences. Certain vacation and secondary homes may qualify for a minimum down payment of 5