# Silverton, BC

> **Lending here.** Maximum LTV: 55.0%.

## Lending snapshot

Silverton is a tiny, remote Kootenay retirement town with a microscopic, illiquid real estate market of just 128 homes. Because of the limited buyer pool and lack of economic diversity, we cap our max LTV at 55.0%. It's a great spot for the right lifestyle buyer, but they'll need plenty of skin in the game.

## Key facts

- **Region:** Central Kootenay
- **Maximum LTV:** 55.0%
- **Population:** 149
- **Economic score:** 6/100
- **Desirability score:** 6/100

## About Silverton

### Silverton Real Estate Landscape

Silverton sits on the eastern shore of Slocan Lake, operating as one of British Columbia's smallest incorporated municipalities. With a stagnant population of 149 residents footprinted over just 0.35 square kilometers, this is an exceptionally tight micro-market. For mortgage brokers, this represents a highly illiquid market where standard urban underwriting guidelines do not apply. Tekamar actively lends in non-urban BC, but Silverton's minimal transaction volume and flatlined growth require a highly conservative approach.

### Housing Stock and Market Liquidity

With only 128 private dwellings in the entire municipality, inventory is scarce. Single-detached houses make up 93.8% of the local housing stock, with duplexes accounting for the remaining 6.3%. There are no apartments, row houses, or mobile homes. This lack of housing diversity, combined with zero population growth, means real estate turnover is slow.

Brokers must analyze the demographics when assessing exit strategies. The median age in Silverton is 64 years, with seniors making up 48% of the population and youth representing just 6%. This heavy concentration of retirees and seasonal residents means local property values rely heavily on out-of-town buyers rather than local demand. Consequently, properties can sit on the market for extended periods, particularly during the winter months.

### Economic Underpinnings and Feasibility

This is not a self-sustaining economic hub. The local employment rate sits at 34.4%, with the active workforce split primarily between construction (16.7%) and healthcare (16.7%). There are no major local employers. Residents rely on neighboring New Denver, located further up Highway 6, for daily essential services, medical care, and schools. While 44.4% of working residents have a commute under 15 minutes, the average commute time of 22.3 minutes reflects the necessity of traveling outside the village for work. Additionally, the median household income registers at $0 in recent census data, indicating a heavy reliance on retirement pensions, investment yields, or informal seasonal income rather than standard T4 employment.

### Tekamar Underwriting and Leverage Capping

When underwriting deals in Silverton, our primary concern is capital preservation. Because our mortgage investment corporation relies on private capital, we must account for the extended marketing periods required to liquidate a property in a market of this scale. 

To mitigate these structural liquidity risks, Tekamar caps its maximum loan-to-value (LTV) in Silverton at **55.0%**. We assign both the community desirability score and the economic score a 6/10. We will consider equity take-outs, debt consolidations, first mortgages, or short-term bridge financing, but we require a minimum 45% equity cushion to proceed. If you have a client with clean equity and a realistic exit strategy, we can structure a solution, but the **55.0%** LTV cap is a firm limit.

## Mortgage products available in Silverton

| Product | Max LTV | Terms |
|---|---|---|
| [Bare Land and Unique Properties](/mortgage_products/bare-land-or-odd-properties.md) | 55.0% | Standard product terms |
| [Bridge Financing](/mortgage_products/bridge-financing.md) | 55.0% | Standard product terms |
| [Credit Repair and Debt Consolidation](/mortgage_products/credit-repair-and-debt-consolidation.md) | 55.0% | Standard product terms |
| [Equity Lending / Refinance](/mortgage_products/equity-lending.md) | 55.0% | Standard product terms |
| [Purchases](/mortgage_products/purchases.md) | 55.0% | Standard product terms |
| [Variable Income](/mortgage_products/variable-income.md) | 55.0% | Standard product terms |

## Frequently asked questions

### What's the max LTV for Silverton, and why is it capped there?

Our maximum LTV is 55.0% because the local housing market is incredibly shallow. With only 128 homes in the entire municipality, liquidating an asset in a foreclosure scenario would take a significantly extended period.

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

It is a quiet retirement community with a low 34.4% employment rate supported almost entirely by construction and healthcare. This lack of economic diversity makes the area vulnerable to downturns, so we require borrowers to have strong files and deep equity.

### What would sink a deal here?

Not having at least 45% equity to meet our 55.0% LTV limit will kill a deal immediately. Also, don't bring us apartments or condos, as the housing stock here is strictly single-detached homes and a couple of duplexes.


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*Plain-markdown copy for LLM/agent use. Canonical page: https://www.bridgefort.ca/communities/silverton*
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