Canada's APX Lending plans to launch Bitcoin-backed mortgages in Q1 2027, with interest rates and liquidation terms yet to be announced.

TechFlow reports on Oct. 29 that, according to CoinDesk, Toronto-based Canadian lender APX Lending announced on Wednesday it plans to launch Bitcoin-backed mortgages in Q1 2027, enabling homebuyers to secure down payments or full purchase prices without selling their Bitcoin. The company has opened a waitlist and claims it will become Canada's first regulated Bitcoin-backed mortgage provider, but has not yet disclosed interest rates, repayment terms, maximum loan-to-value ratios, or trigger conditions for margin calls or liquidations.

APX Founder and CEO Andrei Poliakov stated that using a property valued at approximately $475,000 as an example, buyers can pledge $190,000 worth of Bitcoin to borrow $95,000 for a 20% down payment. To obtain full financing with no cash down payment, borrowers would need to pledge roughly $475,000 worth of Bitcoin, with the property itself serving as collateral. He estimates the market size for Bitcoin-backed real estate financing in Canada to be between $44 million and $73 million, and noted that 15.8% of the company's current crypto loans are already tied to real estate.