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Second Mortgages in BC

  • chAccess to over 50 lenders in one place
  • chTransparency in rates & terms
up Last updated

July 28, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

British Columbia is one of the more populated provinces in Canada and the housing market in the province are quite high right now in comparison to other provinces. Many families are put in a tough position when it comes to their properties. Some may decide to move forward with a second mortgage so that they can get a better price at a later time. Selecting a favorable rate is crucial to anyone seeking a second mortgage with a reliable mortgage provider. There are a wealth of options in the province and the search can be extensive and time consuming. There is no guarantee that the best options will be found during the search.

Smarter Loans has the resources and attention to detail to find reputable mortgage providers and their second mortgage rates for you to choose from. With Smarter Loans, we can present a list of providers based in British Columbia for you to browse from.

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AMOUNT
$50K - $10M
INTEREST RATE
From 4.09%
TERMS
6 - 60 Months
AMOUNT
$500 - $150,000
INTEREST RATE
9.99% - 34.99%
TERMS
9 - 240 months
AMOUNT
$20K - $100M
INTEREST RATE
Varies
TERMS
12 - 60 Months
AMOUNT
$50K - $10M
INTEREST RATE
Varies
TERMS
1 - 10 Years

British Columbia Datasheet

  • Average Household Income is $70,000.
  • British Columbia’s employment rate: 60%.
  • The educational interests of British Columbia population lie first of all in social and behavioural sciences and law, humanities, personal, protective and transportation services.
  • The population of British Columbia is 4,648,000 people.
  • British Columbia’s top hiring sectors are administrative and support, waste management and remediation services, other services (except public administration), utilities.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Our online portal helps you find the right Second Mortgage lenders in British Columbia for all your financing needs.

Explore our directory of Second Mortgage companies to discover current Second Mortgage rates in British Columbia.

Second Mortgages are often used for the following goals

  • borrow against your existing home’s value
  • pay for home renovations
  • go on vacation or leisure expense
  • pay for a wedding or big event
  • pay for emergency expenses
  • cover bills and overdue payments

just to name a few.

av
writtenWritten by:

Amy Orr

Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

av
writtenReviewed by:

Jenna West

Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.

Awesome G.
04:46 26 Feb 25
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Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
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06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara H.
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A S.
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”

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