The trend of Canadians investing in vacation properties is on the rise, with individuals looking to purchase getaway homes for relaxation, wealth-building, and family time. Accessible mortgages with low rates are available for vacation properties, including non-winterized or remote locations, and different lending criteria apply 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 require 20% or higher, depending on the property type. Mortgage options vary based on the property's classification as year-round accessible or seasonal, and down payments can be incorporated through mortgage refinancing, HELOC, or reverse mortgage. Innovative tools in Canada streamline the process for obtaining a mortgage, and individuals can reach out for complete information and a quick pre-approval process.