In Canada, there are several mortgage options available for buying a second property, including:

1. Conventional Mortgage: A conventional mortgage is a standard mortgage that is used to finance the purchase of a second property. This type of mortgage typically requires a down payment of at least 20% of the purchase price, and borrowers must meet the lender’s eligibility criteria, such as credit score and income requirements.
2. Home Equity Line of Credit (HELOC): A HELOC allows homeowners to borrow against the equity in their home to finance the purchase of a second property. This type of mortgage can be useful for those who have built up significant equity in their primary residence and want to use it to purchase a second property
3. Rental Property Mortgage: A rental property mortgage is a type of mortgage that is used to finance the purchase of a property that will be used as a rental. This type of mortgage typically requires a larger down payment and has higher interest rates than a conventional mortgage, but it can also provide rental income to help cover the mortgage payments.
4. Bridge Financing: Bridge financing is a short-term loan that is used to bridge the gap between the purchase of a new property and the sale of an existing property. This type of financing can be useful for those who want to purchase a second property before selling their primary residence.