Private mortgage lending in Quebec City

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 private mortgage that makes the equity reachable at 75% ltv about <strong>$121,250</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 75% ltv is about <strong>$83,750</strong>; at the plex (2–5 units) median of $580,000 it is about <strong>$145,000</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 private mortgage client can access up to $121,250 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 private mortgage can unlock about $121,250 at 75% LTV — roughly $886/mo at 7.49% 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.

On Quebec City's $485,000 value, behind the $242,500 first this page assumes, a second to the 85% combined ceiling is about $169,750. Interest-only at 12.99% that is $1,838 a month, $22,056 over 12 months. Add a lender fee of 1%–3% ($1,698–$5,093, normally taken off the advance) and roughly $2,500 of legal and appraisal costs. All in: $26,254–$29,649, an effective 15.5%–17.5% a year on the money advanced. Compare that figure, not the rate.

Almost always the second, if your existing first is at a normal rate — a private first at 75% LTV would be $363,750 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 $169,750 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.

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.