Kimberley transformed itself from a mining town into something far more valuable: a year-round playground that attracts people who actually want to stay. When the Sullivan Mine closed in 2001, most folks expected another ghost town story. Instead, this place figured out how to turn Alpine charm into economic opportunity.
The Kimberley Alpine Resort anchors a recreation economy that works because it’s not just about skiing. Mountain biking, hiking, golf, and that Bavarian-themed Platzl downtown create the kind of lifestyle magnet that keeps property values stable. People don’t just visit Kimberley—they relocate here, especially retirees with equity to spend.
Here’s what makes the lending math work: 65% maximum LTV reflects a market where demand consistently outpaces supply. Single-detached homes make up 76.6% of the housing stock, and with a median age of 45.2 years, you’re dealing with established homeowners who understand equity. The 9.3% population growth since 2016 isn’t accident—it’s people choosing mountain town life over city stress.
The economic mix tells a smart diversification story. Healthcare leads employment at 13.2%, followed by retail and accommodation services. That’s not boom-bust mining economics anymore; that’s stable service sectors serving both locals and the steady stream of visitors who keep the cash registers ringing.
Sure, unemployment sits at 7.7%, but context matters. Many residents here prioritize lifestyle over maximizing income, and the strong real estate market reflects wealth that doesn’t always show up in employment statistics. When your biggest challenge is finding enough workers for the ski hill and restaurants, that’s a different problem than economic decline.
Climate change is actually helping Kimberley’s case. The hardiness zone improved by a full level over recent decades, extending growing seasons and making year-round living more appealing. Mountain communities with reliable snow, improving weather, and recreational infrastructure aren’t getting less desirable—they’re becoming the places smart money moves to.
the Nearest Tim Hortons
the Nearest Costco
Nearest Hospital
Our Mortgage Products Available in Kimberley
| Mortgage Product Name | Max LTV | Key Notes for Kimberley |
|---|---|---|
| Construction Mortgages | 65.0% | Standard product terms |
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 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 Kimberley:
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 Kimberley:
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 Kimberley:
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...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Kimberley:
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 Kimberley:
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 Kimberley:
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...