In Ontario’s competitive housing market, where homes average $800,000–$1.1 million in 2025, private mortgages are a lifeline for buyers who don’t fit bank criteria.
Here’s why private lending is a game-changer.
What Are Private Mortgages?
Private lenders offer loans secured by property, focusing on equity rather than strict income or credit requirements. They’re ideal for unique situations.
Why They’re Essential
• Speed: Approvals in days, not weeks, perfect for Toronto’s fast-paced market.
• Flexibility: Lenient criteria for bad credit, self-employed, or non-residents.
• Access: Fund fixer-uppers, investment properties, or bridge loans banks reject.
Ontario Context
High prices in the GTA and strict bank rules like the stress test push buyers to private lenders. Areas like Hamilton offer affordable entry points for private loans.
What to Know
• Rates range from 6–9%, higher than banks.
• Terms are often 1–2 years, with renewal options.
• Fees include lender and legal costs (~1–3%).
Need a mortgage solution banks won’t offer? Our private lending expertise can help you buy in Ontario.