Canada's APX Lending Plans to Launch Bitcoin-Collateralized Mortgages in Q1 2027, Interest Rates and Liquidation Terms Yet to Be Disclosed

TechFlow reports that on October 29, according to CoinDesk, Toronto-based Canadian lender APX Lending announced on Wednesday that it plans to launch Bitcoin-collateralized mortgages in the first quarter of 2027, allowing homebuyers to fund a down payment or the full purchase price without selling their Bitcoin. The company has opened a waitlist and claims it will become Canada's first regulated provider of Bitcoin-collateralized mortgages, but has not yet disclosed mortgage interest rates, repayment terms, loan-to-value caps, or triggers for additional collateral or liquidation.

APX Founder and CEO Andrei Poliakov said that for a property worth approximately $475,000, a buyer could pledge Bitcoin worth $190,000 and borrow $95,000 as a 20% down payment. To finance the full amount without a cash down payment, the buyer would need to pledge approximately $475,000 worth of Bitcoin, with the property also serving as collateral. He estimated the Canadian Bitcoin-collateralized real estate financing market at approximately $44 million to $73 million, and said 15.8% of the company's existing crypto loans are already related to real estate.

Source: TechFlow