Barriere sits where the North Thompson River meets endless wilderness, making it a gateway to some of BC’s most pristine backcountry. The town rebuilt itself after devastating wildfires in 2003, and that resilience shows in everything from the modern community infrastructure to the tight-knit relationships between neighbors.
With 80.9% of homes being single-detached houses and a median age of 58.4 years, Barriere attracts folks who want space to breathe without completely disconnecting from civilization. The town’s location on Highway 5 puts Kamloops just 66 kilometers south, while the surrounding Crown land offers unlimited hunting, fishing, and ATV opportunities that urban centers simply can’t match.
The economic picture reflects rural BC realities—construction and retail trade lead local employment, while the 16.5% unemployment rate signals the challenges many resource-dependent communities face. However, Barriere’s appeal isn’t built on job markets alone. Retirees and semi-retirees make up 34.3% of the population, drawn by affordable housing, outdoor recreation, and a climate that’s actually improving—the plant hardiness zone upgraded from 5b to 6a over the past 30 years.
Housing stock includes a notable 14.5% movable dwellings, reflecting both the area’s recreational appeal and practical housing solutions for a community where land is plentiful but traditional development moves slowly. The North Thompson River provides year-round fishing for steelhead and salmon, while nearby Wells Gray Provincial Park offers hiking trails that rival anything in the Rockies.
Tekamar offers 55% maximum LTV in Barriere, along with our full range of equity-based lending products including second mortgages, debt consolidation, and bridge financing. For brokers working with clients who’ve found their piece of wilderness paradise but need flexible financing solutions, we understand what makes rural BC properties valuable beyond traditional metrics.
the Nearest Tim Hortons
the Nearest Costco
Nearest Hospital
Our Mortgage Products Available in Barriere
| Mortgage Product Name | Max LTV | Key Notes for Barriere |
|---|---|---|
| Credit Repair and Debt Consolidation | 55.0% | Standard product terms |
| Variable Income | 55.0% | Standard product terms |
| Bare Land and Unique Properties | 55.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 55.0% | Standard product terms |
| Equity Lending | 55.0% | Standard product terms |
| Purchases | 55.0% | Standard product terms |
Detailed Mortgage Product Information
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Barriere:
55.0 %
“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 Barriere:
55.0 %
“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 Barriere:
55.0 %
“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 Barriere:
55.0 %
“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...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Barriere:
55.0 %
“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 Barriere:
55.0 %
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...