A growing number of Canadians are investing in vacation properties to enjoy relaxation, build wealth, and create lasting family memories. Accessible mortgages with low rates are available for a variety of vacation properties, including non-winterized or remote locations, such as lake cottages or college housing options. Different lending criteria apply to second or third homes compared to primary residences, with some properties requiring minimum down payments of 5% to 20% or higher. Various types of cottages have specific requirements and receive different treatment from lenders based on their categorization as year-round accessible or seasonal properties. Innovative tools in Canada can streamline the mortgage process and ensure accuracy, allowing individuals to easily obtain complete information and quick pre-approval for their desired vacation property.