A growing number of Canadians are choosing to invest in vacation properties for reasons such as relaxation, wealth-building, and family gatherings. With accessible mortgages at low rates, even for non-winterized or remote locations, it is now easier to secure financing for various purposes like lake cottages or college housing options. Different lending criteria are in place for second or third homes compared to primary residences, with varying down payment requirements ranging from 5% to 20% or higher depending on the property type. Innovative tools in Canada allow for streamlined processes and accurate information, making it simple to reach out for complete info and a quick mortgage pre-approval process.