Private Mortgage Lenders in Toronto
Private Mortgage Lenders
in Toronto, Ontario
Fast private mortgage approvals from trusted lenders across Toronto and the GTA. No income verification. Any credit score. Equity-based lending. Whether you need a first mortgage, second mortgage, or emergency financing, we connect you with the right private lender.
Our Toronto Services
Private Mortgage Solutions in Toronto
How It Works
Getting a Private Mortgage in Toronto
The process is straightforward and fast. Most Toronto homeowners go from first call to funding in under two weeks.
Free Consultation
Call or fill out our form. We review your property details and financial situation within minutes.
Quick Application
Minimal paperwork required. No income verification, no credit checks to get started.
Property Appraisal
An independent appraiser assesses your Toronto or GTA property value. Rush appraisals available.
Lender Matching
We match you with the best private lender from our network of 50+ lenders across Canada.
Fast Approval & Funding
Most Toronto approvals within 24 hours. Funding typically completed in 5 to 7 business days.
Toronto Market
Private Mortgages in Ontario's Largest Market
Toronto and the GTA represent the largest real estate market in Canada, with average home prices around $950,000 as of early 2026. Despite recent price corrections, Toronto homeowners hold significant equity that can be leveraged through private mortgage financing.
Ontario's mortgage arrears rate reached 0.22% in late 2025 as borrowers renewed at higher rates following the Bank of Canada's hiking cycle. The federal stress test continues to disqualify many Canadians who can comfortably afford their payments but cannot pass the qualification threshold.
Private lenders fill this gap by focusing on property equity rather than income documentation or credit scores. With Toronto's high property values, even a modest LTV ratio can unlock significant capital for homeowners who need it.
Ontario Rate Landscape
Private mortgage rates in Ontario start from 6.95% for first mortgages with strong equity. Toronto properties in established neighborhoods are viewed favorably by lenders, often qualifying for rates at the lower end of the range.
Who Qualifies in Toronto
Self-employed business owners, new immigrants building credit history, homeowners with past bankruptcies or consumer proposals, property investors needing fast closings, and anyone facing power of sale on their Ontario property.
Property Types We Finance
Single-family homes, condos, townhouses, semi-detached homes, multi-unit residential properties, and mixed-use buildings across Toronto and the GTA. Both urban and suburban properties are eligible.
Why Choose Us
Trusted Private Lenders
in Toronto
With a local office in downtown Toronto, we understand the GTA real estate market. We work with 50+ private lenders to find the best rates and terms for your situation.
- 24-hour approvals for Toronto properties
- No income verification required
- FSCO licensed brokerage
- Access to 50+ private lenders
- First & second mortgage options
- Rates starting from 6.95%
- Local Toronto office
- Serving all of the GTA
Toronto Office
Address
1801-1 Yonge St, Toronto, ON M5E 1W7
Phone
(647) 270-3660Hours
Mon-Fri 9am-5pm
Service Area
Toronto, Scarborough, North York, Etobicoke, Mississauga, Brampton, Markham, Vaughan, Richmond Hill, Oakville
FAQs
Private Mortgages in Toronto
Private mortgage rates in Toronto typically range from 6.95% to 12.99%, depending on your loan-to-value ratio, property type, and location within the GTA. First mortgages with LTV under 65% generally receive the best rates. While higher than bank rates, private mortgages offer fast approval and flexible terms that traditional lenders cannot match.
Yes. Private lenders in Toronto focus on the equity in your property rather than your credit score. Whether you have a 400 or 800 credit score, past bankruptcies, or consumer proposals, we can find a private mortgage solution based on your property value and loan-to-value ratio. There is no minimum credit score requirement.
Most private mortgage approvals in Toronto happen within 24 hours. Once approved, funding is typically completed within 5 to 7 business days. For urgent situations like power of sale proceedings, we can often expedite the process to fund within 3 to 5 days.
No. Private mortgages in Toronto are equity-based, meaning approval is based on your property value rather than income documentation. This makes private mortgages ideal for self-employed individuals, new immigrants, gig workers, or anyone who cannot verify traditional income through T4s and NOAs.
We serve all of Toronto and the Greater Toronto Area (GTA), including Scarborough, North York, Etobicoke, Mississauga, Brampton, Markham, Vaughan, Richmond Hill, Oakville, Burlington, Hamilton, and Oshawa. Our Toronto office is located at 1801-1 Yonge St, Toronto, ON M5E 1W7.
Most private lenders in Ontario will lend up to 75-80% of your property's appraised value for a first mortgage. For second mortgages, the combined LTV (first + second mortgage) can go up to 85% in some cases. Given Toronto's higher property values, even modest LTV ratios can provide significant financing.
Yes. All private mortgage transactions in Ontario must be arranged through a broker licensed by the Financial Services Regulatory Authority of Ontario (FSRA). Our brokerage is fully FSCO/FSRA licensed, ensuring your transaction follows all regulatory requirements and consumer protections.
The federal mortgage stress test requires borrowers to qualify at either 5.25% or their contract rate plus 2%, whichever is higher. This prevents many Canadians from qualifying with banks even when they can comfortably afford their payments. Private lenders are not subject to the stress test, making them an option when banks say no due to this rule.
Ready to Get Approved in Toronto?
No obligation. No credit check to start. Most Toronto approvals within 24 hours.