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Home › Private Mortgages in Canada

Private Mortgages in Canada

One application. 7 lenders from our 50+ network. Funded in 24 to 48 hours.

7 lenders in our network lend privately outside bank criteria. Borrow $15,000 to $100 million at 4.04 to 16% APR, with funding as fast as 48 hours. Every lender is subject to the 35% federal rate cap. Rates reviewed August 2026.

Apply Now One application routed to where you qualify.

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Every Apply button starts the same single application. Your chosen lender is prioritized first.

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Four questions about you, and it filters this list instantly.
Amount: AnyCredit: Any Province: Any Sort: Recommended
★★★★★ 4.6 (9)
Amount
$50,000 - $10,000,000
Rate
From 4.09% APR
Terms
6 - 60 months
Funding
168 hours
Apply Now View profile
Best for Borrowers who want brokered access to multiple lenders and a short term option · Mortgage
★★★★★ 4.6 (9)
Amount
$15,000 - $10,000,000
Rate (APR)
6 - 16% APR
Terms
12 - 60 months
Funding
168 hours
Apply Now View profile
Best for Ontario homeowners who need a small equity takeout that larger lenders will not write · Mortgage
★★★★★ 5.0 (50)
Amount
$20,000 - $100,000,000
Rate
From 4.99% APR
Terms
12 - 60 months
Funding
48 hours
Apply Now View profile
Best for Ontario and BC homeowners taking a large equity position out of their property · Mortgage
★★★★★ 4.7 (9)
Amount
$20,000 - $10,000,000
Rate
From 4.99% APR
Terms
60 - 72 months
Funding
168 hours
Apply Now View profile
Best for Ontario homeowners who want a five to six year term on a mortgage or equity takeout · Mortgage
★★★★★ 4.7 (9)
Amount
$50,000 - $100,000,000
Rate
From 4.09% APR
Terms
72 - 120 months
Funding
48 hours
Apply Now View profile
Best for Ontario borrowers wanting a long amortization or a very large mortgage · Mortgage
★★★★★ 4.6 (9)
Amount
$50,000 - $10,000,000
Rate
From 4.99% APR
Terms
12 - 120 months
Funding
168 hours
Apply Now View profile
Best for Borrowers who want one digital application shopped across multiple lenders, with home equity available too · Mortgage
★★★★★ 4.6 (9)
Amount
$50,000 - $10,000,000
Rate
From 4.04% APR
Terms
60 months
Funding
48 hours
Apply Now View profile
Best for Borrowers who want the lowest published mortgage rate and a fully digital process · Mortgage

Private mortgage vs the alternatives

How the 3 forms compare
Private mortgage Bank mortgage Home equity loan
Rate range 4.04 - 16% APR 4 - 17.99% APR
Interest charged on The full amount, often interest-only The full amount, amortized The full amount from day one
Repayment Interest-only is common, principal due at term end Fixed or variable payments over the amortization Fixed instalments, registered against the home
Re-borrow without reapplying No No No
Best when Speed or property type rules out institutional lenders You qualify on income and credit at a bank or monoline A large cost and meaningful equity in your home
Watch out for Fees and renewal risk; plan the exit before signing Qualification is strictest here Setup and legal costs; your home secures the debt
Rates from lenders in our network. Form properties describe the product type, not any single lender.

Private mortgages are equity lending, not income lending

A private lender assesses the property first and the borrower second. What matters is the loan-to-value ratio, marketability and exit.

That inverts everything the bank tier does, which is why private lending approves files banks decline and why it is priced far above them.

What it costs, in full

The rate is not the cost. Private mortgages carry:

  • Interest, typically well above bank rates, frequently interest-only
  • Lender fee, a percentage of the loan, deducted on funding
  • Broker fee, separate, also deducted
  • Legal costs on both sides, usually the borrower's responsibility
  • Renewal or discharge fees at term end

Ask for the net funds figure. That is the amount reaching you after everything, and it is the only number that describes the deal.

It is a bridge, not a destination

Private mortgages are almost always one-year terms, sometimes two, and they exist to buy time for a specific exit.

The exit must be defined before you sign. Refinancing back to a B lender once credit recovers, selling, completing a renovation and reappraising, or resolving whatever caused the decline. A private mortgage without an exit plan becomes a renewal, and each renewal repeats the fees.

That is the single most important thing on this page. Borrowers who plan the exit generally do well. Borrowers who plan only the funding generally do not.

When it genuinely fits

  • Time-sensitive purchase where bank timelines will lose the property
  • Income real but unprovable this year, provable next
  • Credit event recent and recovering
  • Property needs work before it will qualify conventionally
  • Debt consolidation where the equity exists and the cash flow does not

Common questions

What rate do private mortgages charge?

Well above bank rates, and fees add materially on top. Ask for the net funds figure rather than the rate.

How long is a private mortgage?

Usually one year. It is a bridge to a defined exit.

Do private lenders check credit?

They look, but equity and marketability drive the decision.

What happens at the end of the term?

You exit as planned or renew, and renewal repeats the fees. This is why the exit plan matters more than the rate.

One application. 7 lenders. Apply Now