Canadians are increasingly investing in vacation properties for relaxation, wealth-building, and family moments, with accessible mortgages at low rates available even for non-winterized or remote locations. Different lending criteria apply to second or third homes compared to primary residences, with some vacation and secondary homes qualifying for a minimum 5% or 10% down payment and others requiring 20% or higher. Mortgage options vary based on property type and categorization as year-round accessible or seasonal, with options to incorporate down payments through mortgage refinancing, HELOC, or reverse mortgages. Innovative tools in Canada can streamline the process for quick mortgage pre-approval and complete information.