Looking for a mortgage lender that actually understands small-town BC? Slocan might have just 379 residents, but this Kootenay gem punches above its weight when it comes to quality of life—and that’s exactly why Tekamar offers mortgage products here with a maximum LTV of 55%.
The numbers tell a compelling story. Slocan’s population jumped 31% since 2016, making it one of BC’s faster-growing small communities. That’s not random growth—it’s driven by retirees and outdoor enthusiasts discovering what locals have known for decades. Slocan Lake stretches right to the village’s doorstep, while Valhalla Provincial Park offers some of the province’s most pristine wilderness just minutes away.
Here’s what makes Slocan different: it’s managed to maintain authentic small-town character while attracting newcomers with serious purchasing power. The median age of 49 reflects a community where people have moved beyond starter homes and career uncertainty. These aren’t twenty-somethings scraping together down payments—they’re established buyers who chose Slocan deliberately.
The housing stock reflects this stability too. Nearly 80% of homes are single-detached houses, creating a market where equity builds steadily and properties maintain their appeal. When your neighbors include the kind of people who can afford to choose where they live, property values tend to hold up even in challenging times.
Climate change is actually working in Slocan’s favor. The area has warmed by a full plant hardiness zone since the 1960s, extending the growing season and making year-round living more comfortable. That’s a trend that’ll keep drawing people from colder regions.
For mortgage brokers working with clients who’ve discovered the Kootenays, Tekamar’s equity-based lending makes sense. We’re not trying to verify employment in markets where traditional jobs are scarce—we’re focused on the asset value and the borrower’s ability to service the debt. In a place where people move for lifestyle rather than career opportunities, that approach just works better.
the Nearest Tim Hortons
the Nearest Costco
Nearest Hospital
Our Mortgage Products Available in Slocan
| Mortgage Product Name | Max LTV | Key Notes for Slocan |
|---|---|---|
| Construction Mortgages | 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 Slocan:
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 ...
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in Slocan:
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 Slocan:
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 Slocan:
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 Slocan:
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 Slocan:
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...