Silverton sits along the shores of Slocan Lake, where 149 residents have discovered what happens when you strip away everything unnecessary and focus on what actually matters. This isn’t a retirement community by accident — nearly half the population is over 65, drawn by the kind of peace you can’t manufacture in larger centers.
The housing market here tells a straightforward story: 94% single-detached homes scattered across just 0.35 square kilometers. People don’t move to Silverton for investment potential or urban amenities. They come for the direct access to some of BC’s most pristine wilderness, where hiking trails lead into the Selkirk Mountains and Slocan Lake provides year-round recreation just steps from their front door.
The economic picture reflects the community’s priorities. Construction work supports 17% of the employed population, likely driven by seasonal residents and the steady trickle of newcomers building their dream retreats. Healthcare employs another 17%, serving not just Silverton but the scattered communities throughout the Slocan Valley.
What makes Silverton unique isn’t its size but its staying power. This community has weathered mining booms and busts, tourism cycles, and demographic shifts while maintaining its essential character. The climate has actually improved significantly over recent decades, moving from zone 6b to 7a — creating longer growing seasons that appeal to gardeners and small-scale agriculture enthusiasts.
For mortgage brokers, Silverton represents a specialized market where borrowers often have clear equity positions but non-traditional income sources. Seasonal residents, early retirees, and lifestyle migrants frequently need flexible lending solutions that traditional lenders struggle to accommodate. Our 55% maximum LTV reflects both the community’s remote location and the reality that buyers here are typically well-capitalized individuals making deliberate lifestyle choices rather than speculative investments.
The property recovery timeline in a worst-case scenario requires patience, but Silverton’s appeal to a specific buyer demographic — those seeking authentic mountain lake living — provides a consistent, if narrow, market base.
the Nearest Tim Hortons
the Nearest Costco
Nearest Hospital
Our Mortgage Products Available in Silverton
| Mortgage Product Name | Max LTV | Key Notes for Silverton |
|---|---|---|
| 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 Silverton:
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 Silverton:
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 Silverton:
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 Silverton:
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 Silverton:
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 Silverton:
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 Silverton:
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...