Radium Hot Springs

So, you’ve got a client eyeing a property in Radium Hot Springs, BC, or maybe you’re a borrower dreaming of a home near those famous mineral pools. Either way, let’s talk about why this little gem in the Kootenay Rockies is worth a closer look—and how Tekamar Mortgage Fund can help make that dream a reality. Nestled in the Columbia Valley, Radium Hot Springs isn’t your typical small town. It’s a place where stunning natural beauty meets a laid-back lifestyle, and it’s got a real estate market with some unique quirks that both brokers and borrowers should know about.

First off, what sets Radium Hot Springs apart? It’s not just the hot springs themselves—though soaking in those naturally heated pools with a mountain backdrop is a serious perk. This town is a gateway to year-round adventure, from world-class skiing at nearby Panorama to hiking in Kootenay National Park. That lifestyle appeal draws a mix of retirees, vacation home buyers, and folks looking for a quieter pace. For mortgage brokers, this means a steady demand for properties, even in slower markets. And for borrowers, it’s a chance to invest in a home that could double as a rental or Airbnb when you’re not using it.

From a lending perspective, here’s where it gets interesting. Radium Hot Springs has seen a population boom—over 70% growth since 2016—which signals a hot market, but it’s not without risks. The local economy leans heavily on tourism and seasonal industries like accommodation and recreation. That can mean feast or famine for some residents, and as a lender, we at Tekamar pay close attention to that. Our max loan-to-value (LTV) here is 60%, which reflects our cautious but fair approach. We’re not just throwing money at any deal; we’re looking at how quickly we could recover funds if things go south. For brokers submitting deals, that means we’ll want a clear exit strategy—think future refinance potential. Borrowers, don’t worry—we’re all about equity lending, so if your income or credit doesn’t quite pass muster with a bank, we’re still in your corner if the numbers make sense.

Why We Lend Here

At Tekamar, our tagline is “We’ll lend where other MICs won’t,” and Radium Hot Springs fits that bill perfectly. Unlike many BC Mortgage Investment Corporations obsessed with Vancouver or the Fraser Valley, we focus on smaller towns and unique markets like this one. We’re happy to consider first and second mortgages, credit repair, or even oddball properties—think bare land or something a bank might shy away from. Just don’t ask us for commercial or multi-family deals; we stick to residential. Brokers, if you’ve got a client who’s been turned down elsewhere, give us a call. Borrowers, if you’re sitting on equity but can’t qualify traditionally, let’s chat.

One last tidbit—local spots like the Radium Resort golf course aren’t just a nice-to-have; they’re part of what keeps property values stable even when tourism dips. That’s the kind of detail we factor into our lending decisions. So, whether you’re a broker with a deal or a borrower with a vision, Radium Hot Springs is a market with potential—and Tekamar is the MIC ready to back it. Let’s make it happen.