Rossland

If you’ve ever driven through the Kootenays, you’ve probably noticed Rossland perched up in the mountains, a little gem that’s quietly carving out its own identity. This isn’t just another sleepy BC town—it’s a place with character, grit, and some serious real estate potential. At Tekamar Mortgage Fund, we’re excited to talk about Rossland because it fits right into our sweet spot: lending in smaller communities where other MICs might hesitate. With our tagline, “We’ll lend where other MICs won’t,” we’re here to help both borrowers and brokers tap into opportunities in places like this.

What makes Rossland stand out? For starters, it’s a recreation mecca. Think world-class skiing at Red Mountain Resort, just minutes from downtown, or endless mountain biking trails that draw enthusiasts year-round. This isn’t just a lifestyle perk—it’s a real driver for property demand. Retirees, vacation home buyers, and even young families are eyeing Rossland for its small-town charm and stunning mountain backdrop. From a mortgage perspective, that’s gold. Properties here often hold their value well, even in softer markets, because of that built-in appeal. For borrowers looking to buy or refinance in Rossland, this means a safer bet on equity. And for brokers? You’ve got a market with steady demand to pitch to lenders like us.

Let’s talk numbers, but not the boring kind. We’re comfortable lending in Rossland with a maximum loan-to-value (LTV) of 65%. That’s not a random figure—it’s based on our careful assessment of how long it might take to recover funds if things go sideways. In a town like this, with a smaller pool of buyers compared to, say, Kelowna, we keep our LTV conservative to ensure a safe exit. But here’s the thing: we’re flexible within that limit. Whether you’re a borrower needing equity lending for a non-income-qualifying deal or a broker with a unique file—maybe a second mortgage or an odd property—we’ll take a hard look if the numbers make sense.

Rossland’s economy has its quirks, too. Health care and education are big employers, which gives some stability, but there’s also a reliance on tourism and manufacturing. That mix means opportunity, but with a side of caution. As lenders, we’re not just throwing money at deals; we’re looking for a clear exit strategy, like a future refinance to pay us out. For borrowers, that means we’re a lifeline when banks or credit unions say no due to income or credit hiccups. And brokers, if you’ve got a client who’s been turned down elsewhere, give us a call—we thrive on these kinds of challenges.

One local tidbit that caught my eye? The annual Rossland Winter Carnival—Canada’s oldest, dating back to 1898. It’s a quirky, community-driven event that shows the town’s spirit. It also hints at why people want to live here: it’s not just a place, it’s a vibe. Add in a housing mix heavy on single-detached homes (over 75%), and you’ve got a market that appeals to families and investors alike.

So, if you’re a borrower dreaming of a mountain escape or a broker hunting for a lender who gets small-town BC, Rossland is on our radar. We’re not in the Vancouver bubble, and we’re proud of it. Let’s chat about how we can make your next deal happen in a town that’s got more going for it than meets the eye.