Private HELOCs from 7.75% for Newmarket properties. Built for established families, GO commuters, and homeowners with meaningful equity in one of York Region's most family-friendly cities.
Newmarket has long been one of York Region's most stable family markets — anchored by good schools, GO Transit access, and a deep base of long-time homeowners. Average home prices sit around $1.05M-1.15M in early 2026, with detached homes in Stonehaven, Summerhill Estates, and Glenway typically running $1.15M-1.4M.
Most long-time Newmarket homeowners hold substantial equity — many bought before 2017 at half today's values. Even after the recent market softening, equity positions of $400,000-700,000 are common.
The Newmarket private HELOC profile leans toward family-stage and pre-retirement borrowers: renovations, investment property down payments, adult children's first homes, and substantial debt consolidation. The borrower base often includes self-employed professionals and small business owners operating in surrounding Aurora/East Gwillimbury/King markets.
Older Newmarket homes often need substantial work to match modern family needs — kitchens, bathrooms, additions, basement finishes. HELOC funds the work without restructuring the existing first mortgage.
Aurora, East Gwillimbury, Bradford, Barrie — accessible markets with rental demand. HELOC against your Newmarket home funds the down payment cleanly.
Your adult kids can't afford York Region without help. HELOC funds the down payment as gift or family loan.
Trades, professional services, small business — common in Newmarket, hard to finance through banks. Equity is real even when income is optimized.
Years of carrying high-interest credit card and consumer debt. HELOC at 8-11% replaces 21-29% minimums and frees meaningful cash flow.
Approaching retirement, planning to downsize but not for several years. HELOC bridges short-term needs without disrupting the long-term plan.
A family in Stonehaven owns a detached home worth $1.22M with a $385,000 first mortgage. They want to access $200,000 for two purposes: $130,000 to renovate the kitchen and primary suite, and $70,000 to fund their son's down payment on his first condo in Aurora. A second-position private HELOC at $200,000 puts combined LTV at 48%. Rate band: 10.50-11.50%. Interest-only payments on $200,000: approximately $1,750-1,920/month. They plan to refinance to a bank HELOC within 18 months once the renovation is complete and re-appraised. Time to funded: typically 10-14 days.
Stonehaven, Summerhill Estates, Glenway, Bristol-London, Central Newmarket, Armitage, Woodland Hill, Gorham-College Manor, Huron Heights, Quaker Hill, Copper Hills, Mayfair, Saddle Creek, Summerhill, Davis.
Detached, semi-detached, townhouse, and most condos qualify. Rental properties qualify with a 0.25% rate premium. Properties in surrounding rural and edge communities considered case-by-case.
If your bank will give you the line you need at their rate, take it — bank HELOCs are cheaper. We help when the bank says no, when the bank says "yes but for less than you need," when you can't wait the 6-8 weeks bank approvals are now taking, or when your situation is too complex for an algorithm to underwrite.
For most clients, a private HELOC is a bridge — 12 to 24 months to get refinanced back to a bank product once income, credit, or property situation has stabilized. The fully open structure means there's no penalty when that time comes.
Most Newmarket files close in 7 to 14 days from approval. The bottleneck is usually the property appraisal and lawyer scheduling — both of which we can rush for urgent files. We've closed Newmarket deals in 72 hours when the timeline demanded it.
Yes — detached, semi-detached, townhouse, and most condos in Newmarket qualify. Rental properties qualify with a 0.25% rate premium. Rural, raw land, unique properties, and commercial are reviewed case-by-case.
There isn't a hard minimum. We've funded Newmarket files in the 500s. Credit matters less than equity position, property type, location, and exit strategy. If you have legitimate equity and the deal makes sense, credit is usually workable.
Bank HELOCs require strong income, clean credit, and they qualify you at the stress test rate (currently bank rate + 2%). If you don't pass that gauntlet, you're out — regardless of how much equity you have. A private HELOC qualifies primarily on the equity itself and the exit plan, not your debt-service ratios. The rate is higher because the underwriting is more flexible. For most Newmarket borrowers, it's a 12-to-24-month bridge until you can move back to a bank product.
You can pay off the entire balance any time, with zero penalty. Most private mortgages charge 3 months interest minimum to break — on a $400,000 mortgage at 10%, that's $10,000+ to exit. With a private HELOC, you pay it off the day you refinance to a bank product. No penalty.
Lender fee starts at 1.50% (1st position) or 2.50% (2nd position) of the loan amount, paid once at closing. Plus standard third-party costs: appraisal ($400–$600), legal ($1,200–$2,000), and our broker fee where applicable. Everything is disclosed upfront in writing — no surprise charges.
The pre-qualification on this site is a soft inquiry — zero impact on your score. We only pull a hard credit report once you've reviewed terms and decided to proceed. You're in control of when (and whether) that happens.
Most Newmarket clients refinance to a bank or B-lender product within 12–24 months, once their credit, income, or property situation has stabilized. Some use the line for several years as ongoing flexible capital. Others sell the property. The fully open structure means you can exit any time with no penalty — that's the point.
Tell us about your property and your situation. We'll come back within one business day with whether this fits, what rate band you'd be in, and what the next step looks like.
If it's not a fit, we'll tell you that too — and where else to look.
We'll review your file and come back within one business day. Check your email (including spam) for our reply.