An increasing number of Canadians are investing in vacation properties, which offer benefits such as relaxation, wealth-building, and family moments. Mortgages for vacation homes, even in non-winterized or remote locations, are accessible and come with low rates. Different lending criteria apply to second or third homes compared to primary residences, with minimum down payments ranging from 5% or 10% for some types of vacation and secondary homes to 20% or higher for others. Different types of cottages have varying requirements, and mortgage options depend on the property's categorization as year-round accessible or seasonal. Innovative tools in Canada streamline processes and ensure accuracy, making the mortgage pre-approval process quick and easy.