Bank of Canada 2.25% ▬ 0.00|Prime 4.45% ▬ 0.00|GoC 5yr 3.01% ▲ 0.02|CMB 5yr 3.42% ▲ 0.01|CORRA 2.24% ▼ 0.01|as of Jun 15, 2026 · sample · view the rate board →|Bank of Canada 2.25% ▬ 0.00|Prime 4.45% ▬ 0.00|GoC 5yr 3.01% ▲ 0.02|CMB 5yr 3.42% ▲ 0.01|CORRA 2.24% ▼ 0.01|as of Jun 15, 2026 · sample · view the rate board →|

Bridge Financing, Explained

A bridge is short-term financing, and what makes it work is the exit, the event that pays it off. Most often that is the sale of your current home, but a bridge can also help an investor act quickly or carry a property through a repositioning, as long as the payoff is clear. Lead with the exit and the rest follows.

How It Works

The Gap It Covers

Funds your purchase before the money from your sale arrives.

Short Term by Design

Usually measured in weeks or months, tied to your closing dates.

Secured by Your Property

Typically registered against the property you are selling or refinancing.

Repaid on Sale

Paid out in full when your existing property sale completes.

How It Is Priced

As short-term financing it carries interest and fees. We explain the full cost upfront.

Where a Bridge Can Fit

Buying Before You Sell

Move on your next home before your current one closes. Exit: the sale completes.

An Investment Move

Act on a property before other funds free up. Exit: those funds or a refinance arrive.

Repositioning a Property

Carry a property through improvements or lease-up. Exit: a refinance once it stabilizes.

Is It the Right Fit

When It Can Help

Your purchase closes before your sale, or you want to move forward without waiting on the sale proceeds, and there is a realistic plan for the sale to complete.

What to Line Up First

A firm or likely sale, clear closing dates, and a plan if the sale timeline shifts. The clearer the exit, the smoother the bridge.

The exit is what makes a bridge work. We match you to the right lender for the situation, conventional or private as one option to review, and explain the cost and the payout before you commit.
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Talk Through Your Options

Buying before you sell, or weighing whether a bridge makes sense? Bring us your timing and we will walk through the options with you. A licensed member of our team will follow up.

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(902) 835-6420  |  contact@tmgharbourtown.ca

Information here is general and educational. It is not financial, legal, or lending advice, and it is not an offer of financing. Bridge financing is short-term financing and depends on a completed sale; private lending, where used, is one option to review and is not suitable for every situation. Any figures are illustrative only. All financing is subject to lender and property review and supporting documentation. Submission of a form does not guarantee approval or financing.