Bridge financing for Quebec City closings

Québec City (Agglomeration) median price, single-family homes — Centris (APCIQ) put the Quebec City median at <strong>$485,000</strong> for Q2 2026. For a bridge loan that makes the equity reachable at 80% ltv about <strong>$145,500</strong> (above an assumed 50%-LTV first mortgage). The same board counted 1,031 Quebec City sales in Q2 2026, with an average days on market of 14 days. Your own property and balance replace these numbers on the file.

Quebec City's board publishes each segment separately, and the gap is the point. At the condominium median of $335,000 the equity reachable at 80% ltv is about <strong>$100,500</strong>; at the plex (2–5 units) median of $580,000 it is about <strong>$174,000</strong>. The table on this page carries every row from the same Q2 2026 release.

On a Quebec City home valued at the $485,000 median, a typical bridge financing client can access up to $145,500 of usable equity, assuming an existing first-mortgage balance around 50% LTV.

On a Quebec City home valued at the $485,000 median with an assumed first mortgage near 50% LTV, a bridge financing can unlock about $145,500 at 80% LTV — roughly $884/mo at 5.45% on a full draw. The figure scales with your actual value and existing balance.

Because the lender decides more than the rate: how Capitale property types are read, how much of your income counts, and what the file costs to move. In Quebec the file is placed by a mortgage professional licensed in Quebec, through our partner network.

Two numbers, and they are not the same. <strong>The ceiling</strong> is 80% of the departing home's value less what you still owe: on a Quebec City home at the $485,000 median with a $242,500 mortgage, that is $388,000 less $242,500, or <strong>$145,500</strong>. <strong>What you draw</strong> is the gap on the purchase: the down payment due, less the deposit you already paid with your offer. On a like-for-like move at 20% down that is $97,000 less a $24,250 deposit — about <strong>$72,750</strong>. Interest is charged on what you draw, not on the approval, so the second number is the one that costs you money. Change any input and it moves: a larger deposit shrinks it, a dearer purchase grows it, and a bigger mortgage on the departing home lowers the ceiling.

Think in totals, not monthly payments — the loan lives for weeks. Pricing is Prime + 1.00% to Prime + 4.00%, or 5.45% to 8.45% against today's 4.45% prime, plus a lender admin fee of $200-$500 and around $300 of extra legal cost. On the $72,750 a typical Quebec City move needs, interest runs about $326 over 30 days, $489 over 45 days and $978 over 90 — so a 45-day bridge lands near <strong>$989 to $1,289</strong> all in. Quoted as a monthly rate the same loan reads as $330/mo, which is true arithmetic and a misleading frame, because you never carry it for a month at a time. Set the total against what a rushed sale or a lost purchase would cost.

Mortgage brokering in Quebec is regulated by the AMF (Autorité des marchés financiers). Mortgage Squad Advisors is licensed by FSRA in Ontario (Brokerage #13737) and serves clients across Canada: Quebec files are processed by licensed mortgage professionals in your jurisdiction through our partner network, in compliance with AMF requirements. All advisors are FINTRAC-trained. Ask us for the registration details that apply to your file.