Cranbrook sits where the Rocky Mountain Trench meets the Purcell Mountains, creating what locals know as the “City of Four Seasons.” This isn’t marketing fluff — the town genuinely transforms throughout the year, from world-class skiing at nearby Kimberley Alpine Resort to summer lake life at Elizabeth Lake and Jim Smith Lake.
The numbers tell a story that mortgage brokers should notice. With 65% of housing stock being single-detached homes and a median household income of $80,000, Cranbrook represents solid middle-class stability in southeastern BC. The population of just over 20,000 has grown modestly, but more interesting is the demographic shift — nearly 24% of residents are seniors, reflecting the area’s appeal as a retirement destination.
Cranbrook’s economy runs deeper than tourism, though outdoor recreation certainly drives plenty of activity. Retail trade employs 16.5% of workers, healthcare another 14%, and construction rounds out the top three at 8%. The town serves as a regional hub for the East Kootenays, meaning it captures economic activity from surrounding smaller communities.
Here’s what makes Cranbrook different: it’s positioned perfectly on the “Powder Highway,” that legendary stretch of Highway 95 connecting some of North America’s best ski terrain. Fernie, Panorama, Kimberley — they’re all within striking distance. But unlike those resort towns with their seasonal volatility, Cranbrook maintains year-round economic activity as the regional service center.
The housing market reflects this stability. Properties here aren’t chasing Vancouver-style speculation or resort town premiums. They’re priced for people who actually live and work in the community, which creates the kind of steady equity foundation that makes lending sense.
Climate data shows Cranbrook warming into a more favorable growing zone over recent decades, extending the practical outdoor season. Combined with the town’s position as a transportation hub — it’s where Highway 3 meets Highway 95 — this creates lasting appeal for both retirees seeking four-season recreation and working families who want mountain lifestyle without mountain prices.
Tekamar offers up to 70% LTV in Cranbrook, reflecting our confidence in the community’s stable property values and diverse economic base.
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Our Mortgage Products Available in Cranbrook
| Mortgage Product Name | Max LTV | Key Notes for Cranbrook |
|---|---|---|
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 70.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 70.0% | Standard product terms |
| Equity Lending | 70.0% | Standard product terms |
| Purchases | 70.0% | Standard product terms |
Detailed Mortgage Product Information
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Cranbrook:
65.0 %
“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 Cranbrook:
70.0 %
“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 Cranbrook:
65.0 %
“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 Cranbrook:
70.0 %
“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 Cranbrook:
70.0 %
“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 Cranbrook:
70.0 %
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...