Summerland proves that you don’t need a massive population to create serious lifestyle appeal. This lakeside community of 12,000 has mastered the art of attracting people who want more than just a place to live—they want a place to actually enjoy living.
The numbers tell a compelling story for mortgage professionals. With 65% maximum LTV, Summerland offers solid lending opportunities backed by a community that people genuinely want to call home. The median household income sits at $82,000, and here’s the kicker: nearly 32% of residents are 65 or older, representing one of BC’s most established retirement destinations.
What makes Summerland different? It’s built around Okanagan Lake with a microclimate that wine grapes absolutely love. The community hosts over a dozen wineries, creating an economic foundation that goes beyond typical small-town industries. Healthcare leads employment at 13.6%, followed by retail and construction—a diversified base that suggests stability rather than boom-bust cycles.
The housing market reflects this stability. Single-detached homes dominate at 71.5% of dwellings, exactly what you’d expect in a community where people come to settle down rather than pass through. The population grew 3.7% since 2016, steady growth that indicates demand without speculation-driven volatility.
Summerland’s secret weapon is its four-season appeal. Summer brings lake activities and wine touring. Winter offers nearby skiing at Apex Mountain. The historic Kettle Valley Railway runs scenic tours that draw visitors year-round, supporting local businesses and property values.
For brokers working with clients seeking recreational properties, retirement destinations, or equity-based financing in stable markets, Summerland delivers. It’s the kind of place where properties sell because people want to be there, not just because they need somewhere to live.
the Nearest Costco
Nearest Hospital
Our Mortgage Products Available in Summerland
| Mortgage Product Name | Max LTV | Key Notes for Summerland |
|---|---|---|
| Construction Mortgages | 65.0% | Standard product terms |
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 65.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 65.0% | Standard product terms |
| Commercial | 60.0% | Standard product terms |
| Equity Lending | 65.0% | Standard product terms |
| Purchases | 65.0% | Standard product terms |
Detailed Mortgage Product Information
Construction Mortgages
Maximum Loan-to-Value (LTV) for Construction Mortgages in Summerland:
65.0 %
“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 Summerland:
65.0 %
“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 Summerland:
65.0 %
“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 Summerland:
65.0 %
“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 Summerland:
65.0 %
“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...
Commercial
Maximum Loan-to-Value (LTV) for Commercial in Summerland:
60.0 %
“We need a commercial mortgage, but we’re in Fort St. James…”
Here’s the thing about being a MIC that lends in tiny towns: sometimes commercial comes with the territory. The general store that’s been there since 1952. The six-plex that passes for high-density housing in Vanderhoof. The campground that’s also someone’s retirement plan.
We’re not going to pretend we love commercial lending. We ...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Summerland:
65.0 %
“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 Summerland:
65.0 %
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...