Ashcroft sits in the Thompson River valley where the desert meets opportunity, and the numbers tell a story that mortgage brokers should pay attention to. This town of 1,670 people has grown 7.2% since 2016 while maintaining the kind of housing market stability that makes lending decisions straightforward.
The demographics here aren’t accidental. With a median age of 58.4 and nearly 40% of residents over 65, Ashcroft has become a retirement destination that flies under most people’s radar. The dry climate and mild winters create what locals call “Canada’s desert,” but it’s the indoor pool, parks, and small-town charm that keep people here once they arrive.
Housing remains refreshingly simple — nearly 65% single-detached homes with a median household income of $63,600. The employment rate sits at 40.6%, which makes sense given the retirement-heavy population, while unemployment stays low at 3.4%. The local economy draws from retail, tourism, and mining, with enough diversity to weather typical small-town economic shifts.
What makes Ashcroft different from other Interior communities is its climate zone improvement — it’s warmed a full hardiness zone since the 1960s, making it increasingly attractive for year-round living. The town’s proximity to Kamloops provides economic stability without the urban pressure, creating a sweet spot for borrowers who want desert living with city access.
For mortgage brokers working with clients who don’t fit traditional lending boxes, Ashcroft represents the kind of stable, equity-rich market where alternative financing makes sense. Our 60% maximum LTV reflects the community’s solid fundamentals — enough equity cushion for safety, enough local appeal to support values, and enough retiree income stability to make deals work.
the Nearest Costco
Our Mortgage Products Available in Ashcroft
| Mortgage Product Name | Max LTV | Key Notes for Ashcroft |
|---|---|---|
| Credit Repair and Debt Consolidation | 60.0% | Standard product terms |
| Variable Income | 60.0% | Standard product terms |
| Bare Land and Unique Properties | 60.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 60.0% | Standard product terms |
| Equity Lending | 60.0% | Standard product terms |
| Purchases | 60.0% | Standard product terms |
Detailed Mortgage Product Information
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Ashcroft:
60.0 %
“Their credit report reads like a horror novel, but the house was just renovated and is worth a lot…”
Here’s what happens when life takes a wrong turn. A bad business venture. Workplace Injury. That divorce that dragged on for two years. Suddenly your credit score looks like a batting average and the banks won’t even return your calls.
But here’s the thing – none of that changes what your ho...
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in Ashcroft:
60.0 %
“Their income is all over the map, but there’s definitely income…”
Here’s a funny thing about lending based on Line 15000 of your Notice of Assessment: It’s a neat little box to underwrite against. Works great if you’re a salaried employee. Not so great if you’re running a fishing charter in Campbell River where thres fishing season, and the rest of the year.
We get it. Income isn’t always ti...
Bare Land and Unique Properties
Maximum Loan-to-Value (LTV) for Bare Land and Unique Properties in Ashcroft:
60.0 %
“The appraisal came back as ‘property type: other’…”
Here’s a truth about real estate that nobody wants to admit: not everything fits in a box. Banks have boxes. Nice, tidy boxes labeled “single family home” and “condo” and “townhouse.” Their computer systems literally don’t have a dropdown menu option for “converted church with commercial kitchen” or “geodesic dome on 40 acres.”
We’ve funded...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Ashcroft:
60.0 %
“Subjects came off their current home last week but their new place closes Friday…”
Here’s a funny thing about bridge financing: everyone thinks it’s complicated. It’s not. Someone needs to close on their new house before their old house sells. Or their sale fell through after they removed subjects on their dream home. Or they found the perfect downsizer condo but haven’t listed the family hom...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Ashcroft:
60.0 %
“They have tons of equity but don’t qualify under B20…”
Here’s the thing about equity lending: it exists because banks literally can’t do it. B20 guidelines require income verification. Full stop. No wiggle room. No common sense exceptions.
We’re provincially regulated. The funds we lend on come from individual investors, not the Bank of Canada. So when your client has 50% equity but their in...
Purchases
Maximum Loan-to-Value (LTV) for Purchases in Ashcroft:
60.0 %
Moving is supposed to be exciting. New town, new job, new chapter. So why do banks act like you’re asking for their firstborn when you need a mortgage?
“You haven’t been at your new job for thre months”
“Your self-employment income doesn’t count in a new market.”
“We need to see established a year if you are part time contract - even if you’re working 40 hours under your new role”
Meanwhile...