Lending in Kamloops
Forget the idea of Kamloops as just another sleepy interior town. This is a self-sufficient regional centre, with a population closing in on 100,000 that has grown over 8% in just a few years. It’s the undisputed hub for the Thompson-Nicola region. From a lending perspective, this is exactly what we look for: not a speculative boomtown, but a stable, maturing city with solid fundamentals. We’re comfortable placing funds here because the market is predictable.
The local economy is a big part of that story. You won’t find a reliance on a single mine or mill. The top employers are diversified across healthcare, retail, and construction, with Thompson Rivers University providing a steady anchor. This mix creates a resilience that insulates Kamloops from the wild swings that hit other resource-based towns. People have stable jobs, which translates to stable mortgages. And it’s a great place to work—the average commute is only 20 minutes, and for more than 40% of residents, it’s less than 15. That’s a quality-of-life factor that helps retain a solid workforce and keeps families in the community.
That lifestyle appeal consistently drives housing demand. The “Tournament Capital” brand isn’t just a slogan; it represents real investment in amenities that attract people. Add in the easy access to Sun Peaks, and you have a recreational draw that supports property values for both primary homes and vacation properties. The demographics back this up, with a median age of 41 and a significant 20% of the population over 65, creating demand across the board from young families to retirees. The housing stock reflects this diversity. While single-detached houses make up half the market, there’s a healthy supply of apartments and townhouses, ensuring liquidity across different segments. Even the climate has become a draw, with a warming trend that is attractive to gardeners and those seeking a milder lifestyle.
For brokers, this all adds up to Kamloops being one of our strongest interior markets. The combination of a diversified economy, steady population growth, and powerful lifestyle drivers makes for a liquid real estate market where properties sell in a reasonable timeframe. Because of this stability and the predictable resale environment, we’re comfortable lending up to 70.0% LTV here on the right property. For a safety-first lender like us, a clear exit strategy is paramount. Kamloops provides that. It’s a reliable city to do business in.
Our Mortgage Products Available in Kamloops
| Mortgage Product Name | Max LTV | Key Notes for Kamloops |
|---|---|---|
| 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 Kamloops:
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 Kamloops:
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 Kamloops:
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 Kamloops:
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 Kamloops:
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 Kamloops:
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...