Bridge financing, also known as bridge loans, is a type of short-term loan that is used to bridge the gap between the purchase of a new property and the sale of an existing property. In Canada, bridge financing is typically offered by banks and other financial institutions as a way for borrowers to finance the purchase of a new home before they have sold their current home.

Bridge financing is typically secured by the borrower's existing property, and the loan is typically paid off when the property is sold. The terms and conditions of a bridge loan will depend on the lender and the borrower's financial situation, and may include a higher interest rate and fees compared to a traditional mortgage.

Bridge financing can be a useful option for borrowers who need to purchase a new home before they have sold their current home, but it's important for borrowers to be aware that bridge loans are typically more expensive than traditional mortgages, as they carry a higher risk for the lender.