The trend of Canadians investing in vacation properties is on the rise, with many opting to purchase getaway homes for various reasons such as relaxation, wealth-building, and creating family memories. Accessible mortgages with low rates are available for vacation properties, including non-winterized or remote locations, with different lending criteria for second or third homes compared to primary residences. Depending on the type of property, down payment requirements vary, with some vacation homes qualifying for as little as 5% or 10% down payment, while others may require 20% or more. Mortgage options are tailored to the property type, categorized as year-round accessible or seasonal, and can be incorporated via mortgage refinancing, HELOC, or reverse mortgage. Innovative tools in Canada are available to streamline the mortgage process and ensure accuracy, making it easier for interested individuals to receive complete information and quick pre-approval for their vacation property investment.