Radium Hot Springs sits at the gateway to Kootenay National Park, where the Columbia River Valley’s thermal springs have drawn visitors since Indigenous peoples first recognized their healing properties thousands of years ago. The town’s population has surged 72.6% since 2016, reflecting what happens when word gets out about a place that combines natural hot springs, world-class skiing at Panorama Mountain Resort, and some of the best golf courses in the Rockies.
The housing market tells an interesting story here. Unlike typical resort towns dominated by single-family homes, Radium Hot Springs shows remarkable diversity with equal splits between detached houses and apartments, plus a healthy 18% row house segment. This mix reflects both the retiree influx (seniors make up 26% of the population) and the seasonal workforce supporting the tourism economy.
Manufacturing surprisingly leads employment at 17.5%, followed by retail and hospitality sectors that you’d expect in a destination community. The median household income of $81,000 paired with a median age of 51.6 years suggests established residents who’ve chosen lifestyle over pure economic opportunity. When your backyard includes the Purcell and Rocky Mountain ranges, that trade-off makes sense.
The thermal pools maintain a constant 39°C year-round, creating a unique anchor that differentiates Radium Hot Springs from other mountain communities. While ski hills close and golf courses go dormant, those springs keep drawing visitors through every season. The recent climate warming trend has extended the outdoor recreation season, making this area increasingly attractive to buyers seeking year-round mountain living.
For mortgage brokers, Radium Hot Springs represents that sweet spot where recreational property meets permanent residence. Our 60% maximum LTV reflects the community’s strong fundamentals while acknowledging the realities of a tourism-dependent economy in a smaller mountain town.
the Nearest Costco
Local Hospital
Our Mortgage Products Available in Radium Hot Springs
| Mortgage Product Name | Max LTV | Key Notes for Radium Hot Springs |
|---|---|---|
| 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 Radium Hot Springs:
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 Radium Hot Springs:
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 Radium Hot Springs:
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 Radium Hot Springs:
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 Radium Hot Springs:
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 Radium Hot Springs:
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 Radium Hot Springs:
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...