As the number of Canadians investing in vacation properties increases, it is now possible to invest in a getaway home for relaxation, wealth-building, and family moments with accessible mortgages offering low rates, 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 of 5% or 10% down payment while others requiring 20% or higher. Depending on the property type, categorized as year-round accessible or seasonal, there are different mortgage options available, including incorporating down payments via mortgage refinancing, HELOC, or reverse mortgage. Innovative tools in Canada ensure streamlined processes and accuracy, making the mortgage pre-approval process quick and easy.