More and more Canadians are choosing to invest in vacation properties as a way to unwind, build wealth, and create lasting family memories. With accessible mortgages featuring low rates, even non-winterized or remote locations are within reach for potential buyers looking to invest in a lake cottage or college housing option. 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 require 20% or more. Various requirements exist for different types of cottages, categorized as year-round accessible or seasonal, with options to incorporate down payments through mortgage refinancing, HELOC, or reverse mortgage. By leveraging innovative tools in Canada, potential buyers can streamline the mortgage process and obtain quick pre-approval for their dream vacation property.