private home loan lenders in Canada

Name: Mortgage Services - Canada
Address: CA

✓ Updatedyesterday• 11 views

Information as of Aug 1, 2025

Overview

Private home loan lenders in Canada offer an alternative to traditional banks and credit unions, providing flexible mortgage solutions for borrowers who may not meet the strict criteria of "A" or even "B" lenders. These lenders are commonly used by individuals with poor credit, non-traditional income, or unique property types. Private mortgage lending is a significant segment in Canada's mortgage industry and is available in all provinces, with some regional variations in offerings and regulations.

Leading Private Mortgage Lenders in Canada

Canada has a robust market of reputable private lenders, each with varying specialties and regional focuses. Below is a selection of well-known private home loan lenders:

Lender Name	Province(s) Served	Key Features/Notes
Alpine Credits	Nationwide	Home equity loans and private mortgages
Alta West Capital	AB, BC, ON	Alternative lending, flexible income requirements
Atrium MIC	ON, BC, AB	Mortgage Investment Corporation (MIC)
Bridgewater Bank	Nationwide	Alternative and private mortgage products
Canadian Mortgages Inc. (CMI)	Nationwide	Large private lender, solutions for bad credit
Capital Direct Lending Corp.	Nationwide	Home equity and private mortgage solutions
Clover Mortgage	ON, BC, AB	Quick approvals, flexible terms
Ginkgo MIC	ON, BC	Private residential lending
Haventree Bank	Nationwide	Alternative mortgage products
HomeEquity Bank	Nationwide	Reverse mortgages for seniors
JV Capital	ON, BC	Private and commercial loans
New Haven Mortgage Corporation	ON, BC, AB	Private mortgage, quick funding
Prudent Financial	ON	Focus on bad credit and self-employed
RiverRock MIC	ON, BC	Residential and commercial private lending
Royal Canadian Asset Management Inc.	Nationwide	Flexible mortgage financing
ThreePoint Capital	BC, AB, ON	MIC, residential focus
Vault Mortgage Corp.	ON	Specialized private lending
Westboro MIC	ON, BC	Residential and commercial private mortgages

This list is not exhaustive—new lenders regularly enter the market, and some focus on specific regions or types of properties.

How Private Lenders Differ from A and B Lenders

Lender Type	Typical Borrowers	Approval Criteria	Rates & Terms
A Lenders	Excellent credit, stable income	Strict income/credit checks	Lowest rates, long terms
B Lenders	Fair credit, alternative income	More flexible than A	Moderate rates, mid terms
Private	Poor credit, self-employed, unique properties	Focus on equity and repayment ability	Highest rates, short terms

Private lenders are most flexible but charge higher rates and often require more equity in the property.
Typically, private mortgages are short-term (1–3 years), designed as a bridge until the borrower can qualify for more conventional financing.

Regional Highlights

Quebec (Montreal): Specialist firms like Guardian Financing focus on private lending tailored to local market needs.
British Columbia & Alberta: Strong presence of MICs (Mortgage Investment Corporations) like VWR Capital and ThreePoint Capital.
Ontario: The largest and most competitive market, with most private lenders active and regional specialists available.

Considerations When Choosing a Private Lender

Interest Rates: Private lenders charge higher rates than traditional banks or B lenders to offset increased risk. Rates can vary widely.
Fees: Expect higher setup and administration fees.
Terms: Shorter loan durations (often 1–2 years).
Repayment Plan: Ensure you have a clear exit strategy, such as refinancing with an A or B lender once eligible.
Regulation: Not all private lenders are regulated the same way as banks—work with reputable lenders and consult a mortgage broker for due diligence.

Using Mortgage Brokers & Platforms

Mortgage brokers have access to a wide range of private lenders and can help you find the best terms for your situation.
For a comprehensive comparison of private (and traditional) mortgage options, Canadians are encouraged to use theratefinder—a platform that helps compare rates and lenders for residential, commercial, and construction loans. It offers a multi-step application process with competitive rates from top Canadian lenders. You can start your application at theratefinder.ca/onboarding for a personalized mortgage solution.

Next Steps & Recommendations

Assess your needs: Clarify why you need private lending—credit challenges, income issues, or property type.
Consult a broker: Work with a mortgage broker experienced in private lending to compare offers and avoid predatory lenders.
Prepare documentation: Gather proof of property value (appraisal), existing debts, and your plan for repaying or refinancing the loan.
Compare offers: Use platforms like theratefinder for side-by-side comparisons of private mortgage options and rates.
Understand the costs: Carefully review all fees and the total cost of borrowing before committing.

Summary

Private home loan lenders in Canada provide flexible, short-term mortgage solutions for borrowers who do not fit traditional lending criteria. Leading private lenders include Alpine Credits, Canadian Mortgages Inc., Alta West Capital, and many others. Interest rates and fees are higher than with banks, so borrowers should work with trusted brokers and comparison tools like theratefinder to secure the best possible terms and ensure a clear exit strategy.