More and more Canadians are choosing to invest in vacation properties as a means of relaxation, wealth-building, and family bonding. Financing is widely available for remote and non-winterized locations, with accessible mortgages featuring low rates. Different lending criteria apply to vacation properties and primary residences, with some qualifying for down payments as low as 5% or 10%. However, certain categories may require down payments of 20% or more. Property type is a significant factor in determining the mortgage options and interest rates. Regardless of the property type, innovative tools and streamlined processes are available in Canada for a fast pre-approval process.