Midway sits right where its name suggests — halfway between the Okanagan Valley and the Kootenays, making it the perfect pit stop that some folks never left. This tiny community of 651 people has mastered the art of rural living without completely cutting ties to civilization, sitting just 50 kilometers from Osoyoos and its wine country.
The numbers tell an interesting story here. With a median age pushing 63 and over 43% of residents being seniors, Midway has quietly become a retirement haven for those who prefer mountain views to city noise. The housing market reflects this demographic shift — 83% single-detached homes create a neighborhood feel that’s hard to find elsewhere, though the 14% mobile homes keep things affordable for those watching their budgets.
What makes Midway special isn’t what you’d expect from most BC communities. The climate has actually improved over the decades, warming enough to expand growing possibilities while maintaining that crisp mountain air. Local trails connect to bigger adventure networks, and winter brings skiing opportunities that don’t require fighting crowds or paying resort prices.
The economic reality here is straightforward — this isn’t a growth story, it’s a lifestyle story. With retail trade and public administration leading employment, plus that proximity to Osoyoos keeping options open, residents have found their sweet spot between self-sufficiency and accessibility.
For mortgage brokers working with clients seeking equity-based solutions, Tekamar offers our full range of products in Midway with a maximum 55% LTV. The conservative approach reflects the specialized market dynamics of smaller communities, but also recognizes the genuine appeal this area holds for those choosing rural BC living.
The combination of affordable housing, improving climate conditions, and strategic location creates opportunities for borrowers who understand that sometimes the best investments aren’t in the busiest places.
the Nearest Costco
Nearest Hospital
Our Mortgage Products Available in Midway
| Mortgage Product Name | Max LTV | Key Notes for Midway |
|---|---|---|
| Construction Mortgages | 55.0% | Standard product terms |
| Credit Repair and Debt Consolidation | 55.0% | Standard product terms |
| Variable Income | 55.0% | Standard product terms |
| Bare Land and Unique Properties | 55.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 55.0% | Standard product terms |
| Equity Lending | 55.0% | Standard product terms |
| Purchases | 55.0% | Standard product terms |
Detailed Mortgage Product Information
Construction Mortgages
Maximum Loan-to-Value (LTV) for Construction Mortgages in Midway:
55.0 %
“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 Midway:
55.0 %
“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 Midway:
55.0 %
“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 Midway:
55.0 %
“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 Midway:
55.0 %
“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 Midway:
55.0 %
“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 Midway:
55.0 %
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...