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A picture of the City of Armstrong.

Armstrong

Lending guidelines for Armstrong, British Columbia

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Max Loan To Value:
65%
Details
2021 Population
5,323
4.1% growth
Tim Hortons?
1 location
Nearest Costco
72 km away
Nearest Hospital
21.4 km away
Median Household Income
$77,000
Land Area
5.22 Km²
1.0 people/km²
Employment Rate
54.5%
Avg Commute
22 min

Armstrong sits in the heart of the North Okanagan Valley, where the agricultural rhythm still defines daily life in ways most BC communities have forgotten. This isn’t a place trying to become something else—it’s a town that knows exactly what it is and does it exceptionally well.

The numbers tell an interesting story: nearly 70% of homes are single-detached houses, and with a median age of 50, Armstrong has become a magnet for people who’ve decided small-town life beats urban chaos. The 4% population growth since 2016 suggests others are catching on to what locals have known for decades.

What sets Armstrong apart is its authentic agricultural heritage that actually functions rather than just existing for Instagram. The Spallumcheen Valley’s fertile soil and increasingly favorable growing conditions (the plant hardiness zone improved by nearly 10% in recent decades) create real economic opportunity. While other rural communities struggle with identity, Armstrong’s farmers, ranchers, and agribusiness operators provide genuine economic foundation alongside the expected mix of healthcare, retail, and construction jobs.

The Interior Provincial Exhibition and Stampede—running since 1896—represents more than nostalgia. It’s a working celebration of an economy that still produces things people need. That kind of authenticity attracts both retirees seeking genuine community and younger families wanting kids to grow up somewhere real.

Property values benefit from this stability. Single-family homes dominate the landscape, and the community’s proximity to Vernon and Kamloops provides urban access without urban problems. The agricultural land reserve protects against suburban sprawl while maintaining the rural character that draws people here.

For mortgage brokers, Armstrong represents solid fundamentals: established community, diverse housing stock, and the kind of steady appreciation that comes from actual desirability rather than speculation. Tekamar’s maximum 65% LTV reflects our confidence in this market’s stability and the genuine demand for Armstrong’s particular brand of valley living.

2021 Population
5,323
4.1% growth
Median Age
50
Tim Hortons Per 1000 People
0.19 (1 location)
Driving Distance to
the Nearest Costco
59 minutes
Driving Time to
Nearest Hospital
21 minutes
Median Household Income
$77,000
Land Area
5.22 Km²
1.0 people/km²
Employment Rate
54.5%
Avg Commute
22 min
Restaurants
15 restaurants 2.82 per 1000 people

Our Mortgage Products Available in Armstrong

Quick Glance of Products in Armstrong:
Mortgage Product Name Max LTV Key Notes for Armstrong
Credit Repair and Debt Consolidation 65.0% Standard product terms

Detailed Mortgage Product Information

Credit Repair and Debt Consolidation

Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Armstrong:

65.0 %

If the home has sufficient equity to pay out debts that are at higher interest rates than our mortgage rates, it just makes sense to bundle them. We want to make sure there is an exit strategy to move to a more traditional lender with a year or two.