Montrose sits quietly along the Columbia River, just minutes from Trail, where nearly all its working residents commute each morning. This tiny community of just over 1,000 people has figured out something most places haven’t—how to maintain small-town charm while staying economically viable through proximity to larger employment centers.
The numbers tell an interesting story. With a median household income of $94,000 and unemployment at just 4.4%, Montrose residents are doing well financially despite the community’s size. Nearly 98% of homes here are single-detached houses, creating a remarkably uniform residential landscape that appeals to families seeking space and quiet.
What makes Montrose particularly intriguing is its climate evolution. The area has warmed significantly over recent decades, shifting from hardiness zone 6b to 7a—a change that’s opened up new possibilities for gardening enthusiasts and agricultural ventures. The longer growing season now supports crops and plants that couldn’t survive here a generation ago.
The Antenna Trail draws hikers and outdoor enthusiasts year-round, winding up to panoramic views of the Columbia River valley. It’s become something of a local landmark, offering the kind of accessible outdoor recreation that keeps residents connected to their landscape without requiring major travel.
For mortgage brokers working with clients in the Kootenays, Montrose represents a unique opportunity. Properties here serve dual purposes—primary residences for Trail workers seeking more space and recreational retreats for those drawn to river access and mountain views. The community’s stability shows in its demographics, with a healthy mix of working families and established residents who’ve chosen to age in place.
Tekamar offers our full range of mortgage products in Montrose, including equity-based loans, second mortgages, and debt consolidation options, with a maximum loan-to-value ratio of 60%. The community’s proximity to Trail’s industrial base and steady population growth make it an attractive lending environment for clients who need flexible financing solutions.
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Our Mortgage Products Available in Montrose
| Mortgage Product Name | Max LTV | Key Notes for Montrose |
|---|---|---|
| Construction Mortgages | 60.0% | Standard product terms |
| Credit Repair and Debt Consolidation | 60.0% | Standard product terms |
| Variable Income | 60.0% | Standard product terms |
| Bare Land and Unique Properties | 60.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 60.0% | Standard product terms |
| Equity Lending | 60.0% | Standard product terms |
| Purchases | 60.0% | Standard product terms |
Detailed Mortgage Product Information
Construction Mortgages
Maximum Loan-to-Value (LTV) for Construction Mortgages in Montrose:
60.0 %
“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 Montrose:
60.0 %
“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 Montrose:
60.0 %
“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 Montrose:
60.0 %
“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 Montrose:
60.0 %
“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 Montrose:
60.0 %
“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 Montrose:
60.0 %
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...