What does a private mortgage work out to on Ajax's August 2026 average price?
Ajax average selling price, TRREB Market Watch put the Ajax average at $871,853 for August 2026. For a private mortgage that makes the equity reachable at 75% ltv about $217,963 (above an assumed 50%-LTV first mortgage). The same board counted 72 Ajax sales in August 2026, with an average LDOM of 28 days. Your own property and balance replace these numbers on the file.
How much does the private mortgage figure change between condo apartment and detached in Ajax?
Ajax's board publishes each segment separately, and the gap is the point. At the condo apartment average of $446,257 the equity reachable at 75% ltv is about $111,564; at the detached average of $968,031 it is about $242,007. The table on this page carries every row from the same August 2026 release.
How does Ajax compare with Pickering, Whitby and Oshawa for a private mortgage?
On each market's own cited figure, the equity reachable at 75% ltv is $217,963 in Ajax against Pickering $233,873 (average $935,490); Whitby $226,280 (average $905,123); Oshawa $163,193 (average $652,775). The comparison is the same arithmetic on a different price, which is why moving the search one municipality over changes the file before it changes the rate — lenders price the same product the same way across Ontario.
What's the average private mortgage file size in Ajax?
On an Ajax home valued at the $871,853 average, a typical private mortgage client can access up to $217,963 of usable equity, assuming an existing first-mortgage balance around 50% LTV.
What does a private mortgage cost on a typical Ajax home?
On an Ajax home valued at the $871,853 average with an assumed first mortgage near 50% LTV, a private mortgage can unlock about $217,963 at 75% LTV — roughly $1,593/mo at 7.49% on a full draw. The figure scales with your actual value and existing balance.
Why use an Ajax mortgage broker for a private mortgage?
A local broker knows GTA / Durham's property types and which of our 100+ lenders price private mortgage files best in Ajax — from Pickering Village and Audley condos to detached stock — and there's no fee to you on A-lender files. The regional lenders on that panel are listed under the neighbourhood table above.
What does a private second mortgage actually cost in Ajax?
On Ajax's $871,853 value, behind the $435,927 first this page assumes, a second to the 85% combined ceiling is about $305,148. Interest-only at 12.99% that is $3,303 a month, $39,636 over 12 months. Add a lender fee of 1%–3% ($3,051–$9,154, normally taken off the advance) and roughly $2,500 of legal and appraisal costs. All in: $45,187–$51,290, an effective 14.8%–16.8% a year on the money advanced. Compare that figure, not the rate.
Should I take a private first or a private second in Ajax?
Almost always the second, if your existing first is at a normal rate — a private first at 75% LTV would be $653,890 here, and it reprices your entire balance at 7.49% instead of pricing only the new money. The second costs 12.99% because it recovers last on a sale, but it applies to $305,148 rather than to everything. A private first makes sense when the existing first is itself expensive, when it is already in default, or when the first lender will not permit a charge behind it — which we determine by reading your commitment, not by assuming.
Who regulates a private mortgage in Ontario?
Mortgage Squad Advisors is a licensed Ontario mortgage brokerage — FSRA (Financial Services Regulatory Authority of Ontario) Brokerage Licence #13737. All advisors are licensed and FINTRAC-trained, and every recommendation follows FSRA's conduct and disclosure rules.
