A growing number of Canadians are choosing to invest in vacation properties, whether for relaxation, wealth-building, or quality family time. Easily accessible mortgages with low rates are available for various types of vacation homes, including non-winterized or remote locations. Different lending criteria apply to second or third homes compared to primary residences, with some properties requiring as little as a 5% or 10% down payment while others may demand 20% or more. Mortgage options are determined by property type, whether year-round accessible or seasonal, and can be financed through options such as mortgage refinancing, HELOC, or reverse mortgage. Innovative tools are available in Canada to facilitate the mortgage process, offering quick pre-approval and detailed information for potential buyers.