Where can I get a private mortgage in Ontario?
Private mortgages are available throughout Ontario, but lender choice and maximum loan-to-value are generally strongest in the Greater Toronto Area — Toronto, Peel, York, Halton and Durham — and in larger centres like Hamilton and Ottawa. Rural, remote or unique properties can still be financed privately, usually with lower LTV limits and fewer lenders.
Market by market
Toronto
Deepest private lender pool in the province. Freehold homes and established condos generally attract the highest loan-to-value limits and most competitive private pricing.
Mississauga & Brampton (Peel)
Strong lender appetite for detached, semi and townhomes. Legal basement apartments and multi-generational households are common file profiles.
Vaughan, Markham & Richmond Hill (York)
Larger loan sizes are common; lenders look closely at value support on higher-end detached homes.
Oakville, Burlington & Milton (Halton)
Well-regarded collateral; private seconds behind low-rate bank firsts are a frequent use case.
Hamilton & Niagara
Active private market, with somewhat more conservative LTV caps than central Toronto depending on neighbourhood and property type.
Durham Region (Pickering, Ajax, Whitby, Oshawa)
Good lender coverage for freehold homes; condition and location within the region influence pricing.
Rest of Ontario
Ottawa, Kitchener-Waterloo, London and other centres are reviewed case by case. Rural and remote properties typically see lower maximum LTV and a smaller lender pool.
| Location type | Lender pool | Typical max combined LTV |
|---|---|---|
| Central Toronto & inner GTA | Widest | Up to ~75–80% |
| Outer GTA & Hamilton | Broad | ~70–80% |
| Other Ontario cities | Moderate | ~65–75% |
| Rural / remote / unique | Limited | ~50–65% |
General patterns only. Individual lender criteria and file specifics determine actual terms.
Remote files, local knowledge
Most of the process — consultation, documents, lender discussions — happens by phone, video and secure upload. Appraisals are done locally, and signing happens with your own Ontario lawyer.