Ashcroft

Ever driven through a small town and felt like you’ve stumbled onto a hidden gem? That’s Ashcroft, British Columbia, for you. Nestled in the Thompson-Nicola region, this little community of about 1,600 souls has a quiet charm that punches well above its weight. It’s not just the historic vibe or the stunning desert-like landscape—it’s a place that’s catching eyes for real estate potential, especially if you’re a mortgage broker hunting for unique deals or a borrower looking for a lender who gets small-town dynamics. And at Tekamar Mortgage Fund, we’re all ears for opportunities here.

What sets Ashcroft apart from other BC small towns? For starters, it’s got a climate that’s practically begging you to move in. Think hot, dry summers and mild winters—perfect for retirees or anyone craving a slower pace. The growing season here is surprisingly robust, which adds a layer of appeal for hobby farmers or those dreaming of a backyard orchard. Plus, local spots like the Ashcroft Museum or the scenic Thompson River give it a character that’s hard to replicate. It’s not just a place to live; it’s a lifestyle.

From a mortgage perspective, Ashcroft is intriguing. The housing mix leans heavily toward single-detached homes—about 65% of the market—which means there’s a solid base of traditional properties for equity lending. But here’s the kicker: with a median age of nearly 60 and over a third of the population being seniors, you’ve got a demographic that often needs creative financing solutions. Maybe it’s a reverse mortgage alternative or debt consolidation to stretch fixed incomes. For brokers, this is your cue to bring those deals to us at Tekamar. And for borrowers, if the banks have said no due to income or credit hiccups, we’re ready to talk—especially with our max loan-to-value of 60% in Ashcroft to keep things safe.

Let’s chat economics for a sec. Ashcroft’s economy isn’t a one-trick pony, with retail, tourism, and mining playing key roles. But, fair warning, reliance on resource industries can mean boom-or-bust cycles. That’s why we’re cautious yet optimistic—our niche at Tekamar is lending where others won’t, focusing on smaller towns like this one. We’re not chasing Vancouver’s skyscrapers; we’re about places without stoplights. Our sweet spot? Equity-based lending with a clear exit strategy, ensuring we can refinance or recover if things go sideways. Brokers, if you’ve got a client in Ashcroft with solid equity but a shaky credit score, let’s brainstorm. Borrowers, we’re here to help you leverage that home value for your next chapter.

One more thing—Ashcroft’s proximity to Kamloops offers a safety net. It’s not isolated, so in a worst-case foreclosure scenario, demand isn’t purely local. That’s a detail we weigh heavily at Tekamar when assessing risk. We’ve been at this for over 20 years, sourcing funds from friends and family, so protecting principal is non-negotiable. Whether you’re a broker with a deal or a homeowner needing a bridge loan for bare land, we’re the MIC that says “yes” when others hesitate.

So, next time you’re pondering small-town BC real estate, think Ashcroft. It’s got history, heart, and a surprising amount of potential. And with Tekamar in your corner, you’ve got a lender who’s ready to roll up our sleeves and make it work. Got a deal? Let’s talk.