Creston sits in a remarkable pocket of British Columbia where the climate defies expectations. While most of the province shivers through harsh winters, this valley town enjoys Zone 6b conditions that rival much warmer regions. The numbers tell the story: temperatures have warmed so significantly over recent decades that Creston’s growing season improved by a full hardiness zone. That’s not just weather trivia—it’s created one of BC’s most productive agricultural areas outside the Lower Mainland.
The Creston Valley produces everything from world-class canola to specialty crops that simply can’t survive elsewhere in the interior. Local farmers have capitalized on longer growing seasons and milder winters to build an agricultural economy that’s both diverse and resilient. Add the nearby Creston Valley Wildlife Management Area—one of Canada’s premier bird-watching destinations—and you’ve got a community that attracts both working families and nature enthusiasts.
Here’s where it gets interesting for mortgage professionals: Creston’s demographics show a community in transition. With 38.5% of residents over 65, this is clearly retirement country. But unlike many aging rural communities, Creston’s population actually grew 4.1% since 2016. That combination of scenic beauty, mild climate, and affordable housing compared to Vancouver or Calgary continues drawing new residents.
The housing market reflects this appeal. Three-quarters of homes are single-detached houses, and with a median household income of $58,800, there’s genuine affordability compared to BC’s major centers. Healthcare and retail dominate employment, providing stability even when resource sectors fluctuate.
For mortgage brokers working with clients who need creative financing solutions, Creston represents solid collateral territory. Our 65% maximum LTV reflects confidence in the local market’s fundamentals—steady population growth, diverse economy, and that rare combination of small-town affordability with big-city amenities access via nearby Cranbrook.
The valley’s agricultural success story continues expanding, with specialty crops and organic farming operations choosing Creston specifically for its climate advantages. That’s the kind of economic foundation that supports long-term property values.
the Nearest Costco
Our Mortgage Products Available in Creston
| Mortgage Product Name | Max LTV | Key Notes for Creston |
|---|---|---|
| Construction Mortgages | 65.0% | Standard product terms |
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 65.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 65.0% | Standard product terms |
| Equity Lending | 65.0% | Standard product terms |
| Purchases | 65.0% | Standard product terms |
Detailed Mortgage Product Information
Construction Mortgages
Maximum Loan-to-Value (LTV) for Construction Mortgages in Creston:
65.0 %
“Wait, you’re a MIC that actually does construction?”
Here’s something that makes brokers do a double-take. Yes, we do construction mortgages. No, that’s not a typo.
But before you start sending us your client with the 580 credit score who wants to build their dream home, let’s be clear: these aren’t your typical MIC deals. We only do construction for bankable clients. People the banks would ...
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Creston:
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 Creston:
65.0 %
“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 Creston:
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 Creston:
65.0 %
“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 Creston:
65.0 %
“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 Creston:
65.0 %
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...