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A picture of the Village of Burns Lake.

Burns Lake

Lending guidelines for Burns Lake, British Columbia

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Max Loan To Value:
55%
Details
2021 Population
1,659
0.0% growth
Nearest Tim Hortons
79 km away
Nearest Costco
223 km away
Has a Hospital?
Yep!
Stop Lights?
2 intersections (Show on Map)
Median Household Income
$75,000
Land Area
6.54 Km²
253.7 people/km²
Employment Rate
63.3%
Avg Commute
15 min

Burns Lake sits at the heart of the Lakes District, where fishing guides know the secret spots and forestry workers understand the rhythm of the woods. This isn’t a place you stumble into by accident—it’s where people choose to stay because they value clean air, affordable housing, and the kind of neighbors who’ll help you get your truck unstuck.

The housing market here tells a practical story. Single-detached homes make up 64% of the stock, with a median household income of $75,500 that stretches further than it would in most BC communities. While the 2012 mill closure hit hard, the local economy has quietly diversified around education, healthcare, and public services—the kind of steady employers that keep mortgage payments flowing.

Burns Lake earned its “World’s Largest Fishing Lure” distinction for good reason. The surrounding lakes produce lake trout, char, and rainbow trout that draw anglers from across the province. Ice fishing season extends the fun well into winter, and locals know which lakes stay productive when others freeze over.

The climate’s been warming—shifting from zone 3a to 3b over recent decades—making gardening seasons slightly longer and winter heating bills a bit more manageable. It’s still a place where you need a good furnace and snow tires, but that keeps the property affordable and the community tight-knit.

For mortgage brokers working with clients who value outdoor access over urban amenities, Burns Lake properties offer solid equity potential. Our 55% maximum LTV reflects the smaller market size while recognizing that people who choose this lifestyle tend to stick around. Whether it’s a fishing cabin upgrade, debt consolidation, or bridge financing for someone relocating to embrace the Lakes District lifestyle, we understand what draws people to places where the fishing reports matter more than traffic updates.

2021 Population
1,659
0.0% growth
Median Age
39
Driving Distance to
the Nearest Tim Hortons
52 minutes
Driving Distance to
the Nearest Costco
2 hours 26 minutes
Hospitals Per 1000 People
0.60 (1 hospital in city limits)
Traffic Lights Per 1000 People
1.21 (2 intersections)
Median Household Income
$75,000
Land Area
6.54 Km²
253.7 people/km²
Employment Rate
63.3%
Avg Commute
15 min
Restaurants
9 restaurants 5.42 per 1000 people

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