Pillar Guide

Bridge Loan Canada — buy before you sell

Bridge financing fills the gap between buying your new home and selling your current one — so you never have to rush a sale or lose your dream property.

Estimate Bridge Cost Talk to a Broker

Bridge loan cost estimator

Calculate the interest cost of carrying two properties during the bridge period.

Bridge loan amount needed$200,000

Estimated bridge rate (%)7.00%

Bridge period (days)60 days

Estimated bridge interest cost

This is the interest only — no principal repayment during the bridge period.

How it works

Bridge financing — step by step

A bridge loan is short-term secured financing. Here's exactly when and why you'd use one.

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Buy first, sell second

You find your next home before your current one sells. A bridge loan funds the down payment on the new purchase using your existing home's equity.

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Typical term: 30–120 days

Bridge loans are short-term by design — just long enough to close on the new home and complete the sale of the old one.

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Interest only during bridge

You pay interest only during the bridge period. Once your old home sells, the proceeds repay the bridge loan in full.

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Most lenders require a firm sale

Traditional lenders typically require a firm (unconditional) sale agreement on your existing home before approving bridge financing.

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Private lenders offer more flexibility

If you don't have a firm sale yet, private lenders can sometimes provide bridge financing based on equity alone.

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Routes to Private & Alternative

We source bridge loans from traditional banks, credit unions, and private lenders — matching you to the fastest approval.

Common questions

Do I need a firm sale to get bridge financing?

Traditional lenders (banks, credit unions) typically require a firm sale agreement. Private lenders may approve a bridge loan based on equity and LTV without a firm sale, at a higher rate.

What happens if my old home doesn't sell in time?

Most bridge loans can be extended (at additional cost) if the sale takes longer than expected. We structure your bridge with buffer time to account for this.

How much does bridge financing cost?

Typical bridge loan rates range from prime + 2% to prime + 4% for institutional lenders, and 8–12%+ for private lenders. There are also setup fees of $500–$1,500. Use the estimator above to calculate your specific cost.