# Radium Hot Springs, BC

> **Lending here.** Maximum LTV: 60.0%.

## Lending snapshot

Radium Hot Springs is a pure mountain resort town driven by Calgary vacationers, not local industry. Because it's a seasonal tourism play with no economic backup, we cap our exposure at 60.0% LTV. It's a great market for well-capitalized buyers looking for lifestyle properties, but we keep leverage tight.

## Key facts

- **Region:** East Kootenay
- **Maximum LTV:** 60.0%
- **Population:** 1,339
- **Economic score:** 6/100
- **Desirability score:** 7/100

## About Radium Hot Springs

### Underwriting Radium Hot Springs: What Brokers Need to Know

Placing a deal in Radium Hot Springs means working with a lender that actually knows Kootenay resort markets. Located at the junction of Highway 93 and Highway 95, right on the edge of Kootenay National Park, Radium has experienced a significant demographic shift. The local population has grown by 72.6% since 2016, bringing the permanent resident count to 1,339. This is no longer just a weekend escape; it is a growing community with its own distinct economic profile.

When you send us a file in Radium, we do not evaluate it the way a major bank would. This is not a commuter hub. Instead, the local economy is driven by manufacturing at 17.5%, retail trade at 13.3%, and accommodation and food services at 11.9%. The employment rate sits at 56.0%, and the unemployment rate is 8.5%. This unemployment figure reflects the seasonal fluctuations common to resort-adjacent areas, which is a key factor we weigh during underwriting. It is also a mature market, with a median age of 51 and seniors making up 26% of the population.

At Tekamar, we focus exclusively on British Columbia's interior and mid-sized markets. We do not write deals in Greater Vancouver or the Fraser Valley. Because we live and work in BC, we understand how liquidity behaves in the East Kootenay. Housing in Radium is evenly split, with single-detached houses making up 33.1% of the market and apartments under five storeys accounting for another 33.1%. Row houses make up 18.1%. Many of these properties serve as recreational homes, short-term rentals, or retirement transitions. 

In smaller mountain markets, exit strategies require careful planning. If a borrower defaults, property exposure during the winter months can drag out marketing timelines significantly compared to metro areas. Because our capital is privately funded, we prioritize capital preservation. This is why our maximum loan-to-value (LTV) for residential properties in Radium Hot Springs is strictly capped at **60%**. This **60%** LTV limit provides the necessary safety margin to absorb seasonal market swings and extended liquidation timelines.

We look for practical solutions for borrowers who do not fit the traditional banking box. Whether you have a retired homeowner looking to unlock equity for renovations, a self-employed contractor with seasonal income fluctuations, or an investor needing a clean bridge loan for a recreational property, we want to look at the scenario. If your client has solid equity, a realistic exit strategy, and a sensible story, we can provide a quick, common-sense decision without the red tape.

## Mortgage products available in Radium Hot Springs

| Product | Max LTV | Terms |
|---|---|---|
| [Bare Land and Unique Properties](/mortgage_products/bare-land-or-odd-properties.md) | 60.0% | Standard product terms |
| [Bridge Financing](/mortgage_products/bridge-financing.md) | 60.0% | Standard product terms |
| [Credit Repair and Debt Consolidation](/mortgage_products/credit-repair-and-debt-consolidation.md) | 60.0% | Standard product terms |
| [Equity Lending / Refinance](/mortgage_products/equity-lending.md) | 60.0% | Standard product terms |
| [Purchases](/mortgage_products/purchases.md) | 60.0% | Standard product terms |
| [Variable Income](/mortgage_products/variable-income.md) | 60.0% | Standard product terms |

## Frequently asked questions

### What's the max LTV in Radium, and why is it capped there?

We cap lending at 60.0% LTV because Radium is a single-industry recreational market. Without a diversified local economy to backstop real estate, we require a larger equity cushion to manage the risk of seasonal volatility.

### What's the local economy like, and how does that affect getting a deal done?

It’s a tourism and retirement market powered by out-of-town buyers, mostly from Alberta. To get a deal done, we look for strong borrowers with solid external incomes rather than relying on the local seasonal job market.

### What would sink a deal for you in Radium?

Any file pushing for high leverage or relying on weak local employment income will fall flat. We need to see at least 40% equity, especially on the heavy mix of strata-titled vacation properties.


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