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A picture of the District municipality of Barriere.

Barriere

Lending guidelines for Barriere, British Columbia

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Max Loan To Value:
55%
Details
2021 Population
1,765
3.0% growth
Nearest Tim Hortons
59 km away
Nearest Costco
71 km away
Nearest Hospital
53.3 km away
Median Household Income
$66,000
Land Area
10.73 Km²
164.5 people/km²
Employment Rate
40.1%
Avg Commute
32 min

Barriere sits where the North Thompson River meets Highway 5, drawing retirees who’ve discovered something most people miss: a place where you can still afford waterfront property without selling a kidney. The town rebuilt itself after devastating wildfires in 2003, creating a community that understands resilience better than most.

The median age of 58.4 tells the real story here. People aren’t just passing through—they’re staying, and many are arriving with equity from selling homes in pricier markets. That’s created an interesting dynamic where 80.9% of housing consists of single-detached homes, with another 14.5% being movable dwellings that often sit on substantial lots along the river.

Barriere’s economy runs on construction, retail, and manufacturing, but the underlying draw is lifestyle. The North Thompson River provides year-round fishing, while the surrounding mountains offer hiking trails that don’t require fighting crowds for parking spots. Winter brings cross-country skiing and snowmobiling right from town, and summer means river rafting without the tourist bus chaos you’ll find elsewhere.

The town’s proximity to Kamloops—about 45 minutes south—gives residents access to major amenities while maintaining that small-town feel where the grocery store clerk knows your name. This positioning appeals to borrowers seeking rural properties with reasonable access to services, though it also means property values move more slowly than urban markets.

For mortgage brokers working with clients who’ve discovered Barriere’s appeal, Tekamar offers second mortgages, debt consolidation, and equity-based lending with a maximum LTV of 55%. Our conservative approach reflects the reality that while Barriere offers genuine lifestyle advantages, properties here require patience to sell—something we account for in our lending decisions.

The combination of natural beauty, affordability, and proximity to larger centers continues attracting buyers who understand that sometimes the best places are the ones that don’t make the “hottest markets” lists.

2021 Population
1,765
3.0% growth
Median Age
58
Driving Distance to
the Nearest Tim Hortons
38 minutes
Driving Distance to
the Nearest Costco
49 minutes
Driving Time to
Nearest Hospital
42 minutes
Median Household Income
$66,000
Land Area
10.73 Km²
164.5 people/km²
Employment Rate
40.1%
Avg Commute
32 min
Restaurants
5 restaurants 2.83 per 1000 people

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