Canadian Lenders Offer Bitcoin‑Backed Mortgages, Yet Borrowers Unaware of Hidden Costs

APX, a Canadian fintech, announced that it will allow mortgages secured by Bitcoin, with the plan to treat property and crypto collateral separately. However, borrowers risk having their Bitcoin liquidated if the digital asset’s value falls, exposing them to significant collateral‑liquidation risk. The company has not yet disclosed the exact terms, fees, or how the liquidation process will be handled, leaving consumers uncertain about the true cost of such loans.