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.
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.