Granisle sits on the shores of Babine Lake, British Columbia’s longest natural lake, where the ghosts of copper mining meet the reality of retirement living. This tiny community of 337 people has reinvented itself from boom-to-bust mining town into something more sustainable: a haven for folks who’ve figured out that happiness doesn’t require a Starbucks on every corner.
The numbers tell an interesting story. Nearly half the population is over 65, making Granisle one of BC’s most senior-heavy communities. That’s not demographic decline—it’s demographic choice. People aren’t accidentally ending up here; they’re choosing lake views over city chaos, and the 11% population growth suggests they’re onto something.
The housing market reflects this reality: 77% single-family homes scattered across nearly 40 square kilometers means everyone gets their space. The median household income of $47,200 might look modest on paper, but when your backyard is a 177-kilometer lake famous for rainbow trout and your entertainment budget consists of gas for the boat, those dollars stretch differently.
Granisle’s economic foundation rests on government services and healthcare—the kind of stable, recession-resistant employment that keeps small communities functioning. The high unemployment rate reflects seasonal tourism work and a population that’s largely chosen retirement over the rat race.
This is one of those towns we can consider, but it had better be a darn good deal at under 40% LTV.
the Nearest Tim Hortons
the Nearest Costco
Nearest Hospital
Our Mortgage Products Available in Granisle
| Mortgage Product Name | Max LTV | Key Notes for Granisle |
|---|---|---|
| Bridge Financing/Fully Open Term | 35.0% | Standard product terms |
| Equity Lending | 35.0% | Standard product terms |
| Purchases | 35.0% | Standard product terms |
Detailed Mortgage Product Information
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Granisle:
35.0 %
“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 Granisle:
35.0 %
“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 Granisle:
35.0 %
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...