One application. 7 lenders from our 50+ network. Funded in 24 to 48 hours.
Apply Now One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
The 35% federal rate cap applies everywhere in Canada, but provinces differ on licensing and lender obligations.
| Province | Rate cap | High-cost credit licensing | Regulator |
|---|---|---|---|
| Alberta | 35% APR | HCC licence for products >=32% APR | Service Alberta, Consumer Protection Act Payday Loans Regulation |
| British Columbia | 35% APR | HCC licence for products >=32% APR | Consumer Protection BC, BPCPA Part 6.1 |
| Manitoba | 35% APR | HCC grantor licences exist | Consumer Protection Office, Manitoba |
| New Brunswick | 35% APR | No separate provincial high-cost credit licensing band; federal 35% APR cap governs | Financial and Consumer Services Commission |
| Newfoundland and Labrador | 35% APR | NL HCC regime recent | Digital Government and Service NL |
| Nova Scotia | 35% APR | None | Service Nova Scotia |
| Ontario | 35% APR | None | Consumer Protection Ontario |
| Prince Edward Island | 35% APR | None | Consumer Services PEI |
| Quebec | 35% APR | high-cost regime: rate > BoC rate + 22 pts triggers added obligations incl. ability-to-pay assessment | Office de la protection du consommateur |
| Saskatchewan | 35% APR | None | Financial and Consumer Affairs Authority |
| Northwest Territories | 35% APR | None | NWT Consumer Affairs |
| Nunavut | 35% APR | None | Nunavut Consumer Affairs |
| Yukon | 35% APR | None | Yukon Consumer Services |
It varies more than most buyers expect. Alberta and Saskatchewan charge no land transfer tax at all, only title registration fees of roughly $500 to $800 on a $500,000 purchase. Ontario runs a tiered rate up to 2.5%, doubled inside the City of Toronto by a matching municipal tax. On the same home, the difference between Calgary and Toronto is tens of thousands of dollars.
Yes, through alternative and private lenders rather than the big banks. Expect a higher rate, a larger down payment or more equity, usually 20% or more, and a shorter term of one to two years designed to be refinanced once credit recovers. Several lenders in our network specialize in exactly this.
A private lender funds from individual or pooled investor capital rather than deposits, so it can look past credit and income documentation and focus on the property's equity. Rates are higher and terms shorter, typically one year. It is a bridge, not a destination: the plan should always include how you exit it.
In some provinces. Ontario refunds up to $4,000 of provincial land transfer tax, Toronto adds a further municipal rebate, BC exempts first-time buyers below a threshold, and PEI offers relief. Manitoba and Quebec have no first-time buyer rebate, which makes them comparatively expensive for new buyers.
