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★ LIVE BRIDGE BUILDER ★ Watch the bridge form. See the cost. Adjust inputs. The animated bridge spans from your old home to your new home, with a daily-cost meter ticking underneath.
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OLD HOME EQUITY $285,000
SOLD ✓ ★ BRIDGE COST
$1,963 total · $34.73/day
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BRIDGE AMOUNT $150,000
CLOSING Daily interest $34.73
Total interest $1,563
Setup fee $400
TOTAL BRIDGE COST $1,963
★ 5 BRIDGE LENDERS · COMPARED ★
Where to get bridge financing RBC
RBC Bridge Loan Prime + 3.50%
SETUP FEE $350
MAX TERM 90 days
MAX AMT 20% of new home value
REQUIRES Firm sale on old home
Best when you have an existing RBC mortgage. Bridge funded same day as new home closes. Free if loans combined.
Apply → TD
TD Bridge Financing Prime + 4.00%
SETUP FEE $400
MAX TERM 90 days
MAX AMT Up to $500k
REQUIRES Firm sale + new TD mortgage
Bundled with new mortgage commitment. Strong product for $250k+ bridge amounts. Daily rate calc.
Apply → SCOTIA
Scotiabank Bridge Prime + 4.50%
SETUP FEE $350
MAX TERM 120 days
MAX AMT $1M
REQUIRES Firm sale + Scotia mortgage
Longest term (120 days). Works with conditional sale offers in some cases. Higher rate than RBC/TD.
Apply → BMO
BMO Bridge Loan Prime + 3.75%
SETUP FEE $350
MAX TERM 90 days
MAX AMT $500k
REQUIRES Firm sale + BMO mortgage
Solid Big-6 option. Equity must be at least 1.5x bridge amount. Same-day closing matchup.
Apply → LCN
Mortgage Broker Prime + 4.00-6.00%
SETUP FEE $200-1,500
MAX TERM 180 days
MAX AMT $2M+
REQUIRES Flexible · sometimes conditional sale OK
Most flexible — accepts conditional offers. Best when Big-6 declines. Higher fees but more flexible terms.
Apply → YOUR QUESTIONS
Bridge financing · straight answers What is bridge financing in Canada? − A short-term loan (30-180 days) secured against the equity in your current home. It "bridges" the gap when you buy a new home BEFORE your old home closes. The bridge is repaid from the proceeds of your old home sale. Rates: Prime + 3-6% (currently 7.45-9.45% as of 2026). Setup fee: $200-1,500. When do I actually need a bridge? + How much does a bridge actually cost? + Bridge financing vs HELOC — which is cheaper? + Do I need a firm sale on my old home? + What happens if my old home doesn't close on time? + Can I get a bridge as a first-time buyer? + Are bridge interest payments tax-deductible? +