Growing numbers of Canadians are investing in vacation properties for a variety of reasons, including relaxation, wealth-building, and family bonding. Accessible mortgages with low rates are available for vacation properties, whether they are winterized or in remote locations. Different lending criteria apply to second or third homes compared to primary residences, with some properties qualifying for a minimum 5% or 10% down payment while others may require 20% or more. Mortgage options vary depending on the property type, such as year-round accessible or seasonal, and down payments can be incorporated through various methods like mortgage refinancing, HELOC, or reverse mortgage. Individuals in Canada can take advantage of innovative tools and a streamlined process for obtaining a mortgage pre-approval quickly by reaching out for complete information.