📅 June 4, 2025 — The Bank of Canada just made its move: interest rates are holding steady at 2.75%.
Cue the headlines:
“Rate Stability Returns!”
“Mortgage Relief Coming!”
“Time to Borrow?”
But here’s what most Canadians are really asking:
“So why is my mortgage still being denied?”
📉 A Rate Hold Isn’t a Green Light — For You
Yes, the BoC held rates.
No, that doesn’t mean borrowing just got easier.
In fact, banks are still saying no at record levels — even with equity, even with decent credit, even with a solid plan.
❌ Why Canadians Are Still Getting Denied in June 2025
- Banks still require strict stress test qualifications
- Self-employed borrowers are being flagged
- Property types outside urban cores are getting rejected
- Refinances and equity take-outs face tighter restrictions
- Approvals are slower than ever in a cooling market
And all while interest rates remain historically elevated.
💡 The Real Solution? Private Lending with Lendworth
At Lendworth, we don’t wait for policy shifts — we provide real solutions now.
✅ Equity-based lending
✅ No income confirmation in most cases
✅ Fast approvals — 24 to 48 hours
✅ Funding in under a week
✅ Licensed FSRA mortgage brokerage & administrator
We fund:
- First and second mortgages
- Refinances and debt consolidations
- Bridge loans and HELOC-style products
- Construction and renovation mortgages
All across Toronto, the GTA, and Ontario.
🔥 Rate Holds Mean Opportunity — If You Move Fast
With interest rates holding and real estate activity picking up for summer, now is the time to:
- Refinance before values fall further
- Take out equity to consolidate debt
- Fund your next investment or renovation
- Replace your denied bank mortgage before renewal panic hits
Lendworth gives you the flexibility and speed the big banks can’t.
💬 What Our Clients Are Saying
“Even with 50% equity, my bank still denied my refinance. Lendworth funded me in 4 days.”
— Homeowner, Burlington
“Rates held at 2.75%, but I still couldn’t qualify at the bank. Lendworth got it done.”
— Investor, Toronto
📞 Act While the Window’s Still Open
Rates may hold today, but approvals won’t wait forever.
Get in front of your financial goals now — with the lending partner Ontario trusts.
📞 905-597-1225
Rates are frozen. Don’t let your future stay stuck. Lendworth moves when banks don’t.