Private HELOCs from 7.75% for Ottawa properties. Built for self-employed Ottawans, government contractors, investors, and homeowners with significant equity in this stable but underserved private lending market.
Ottawa's housing market is unlike anywhere else in Ontario. Driven by stable government employment, the market historically experiences less volatility than the GTA. Average home prices sit around $692,000 in early 2026, with single-family homes averaging $789,000. Prices have remained relatively flat year-over-year while GTA markets have softened 5-12%.
The Ottawa private HELOC profile differs from Toronto in important ways. Many borrowers are government contractors, IT consultants, or professional services providers operating through corporations — common in the National Capital Region's contracting-heavy economy. Income through the corporation is controlled, but the underlying wealth and home equity are real.
Ottawa is also one of the most underserved private lending markets in Ontario. Less competition, fewer specialized brokers, and a homeowner base that often doesn't realize private HELOC products exist. For borrowers who can't fit a bank's box, private lending solves problems that would otherwise stall a deal for months.
You're an IT consultant, professional services contractor, or independent specialist working with federal departments. Personal income through your corporation is controlled. HELOC against your home funds business expansion or capital needs without bank-friendly T4 documentation.
Ottawa-area rental properties cash flow well at current price points. HELOC against your principal residence funds the down payment cleanly.
Empty-nester renovations, additions for multi-generational living, or major modernization projects. HELOC funds substantial renovation work without restructuring the existing first mortgage.
Years of carrying high-interest credit card and consumer debt. HELOC at 8-11% replaces 21-29% minimums and frees meaningful monthly cash flow.
You've found the next home but haven't sold the current one. HELOC bridges the down payment so you can write a clean offer; you discharge it on closing of your sale.
Gatineau Hills, Ottawa Valley, or further north — recreational property markets within driving distance. HELOC funds the cottage purchase outright or with strong down payment.
A government contractor and his spouse in Westboro own a detached home worth $895,000 with a $310,000 first mortgage. He operates an IT consulting practice through a corporation, taking modest personal income while retaining earnings in the company. They want to access $200,000 for two purposes: $130,000 as a down payment on an investment property in Orleans, and $70,000 to renovate the principal residence's basement and upgrade the kitchen. A second-position private HELOC at $200,000 puts combined LTV at 57%. Rate band: 10.50-11.50%. Interest-only payments on $200,000: approximately $1,750-1,920/month. The investment property will rent for approximately $2,400/month, more than covering the HELOC payment plus the new property's mortgage. Time to funded: typically 10-14 days.
Westboro, The Glebe, Old Ottawa South, Centretown, Sandy Hill, New Edinburgh, Manor Park, Rockcliffe Park, Alta Vista, Hunt Club, Barrhaven, Kanata, Stittsville, Orleans, Nepean, Gloucester, Vanier, Beacon Hill, Blackburn Hamlet.
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.