Chetwynd sits in the heart of British Columbia’s Peace River Country, where the oil and gas industry meets northern wilderness. This town of 2,300 people has built its reputation around being tough, resourceful, and surprisingly prosperous in one of BC’s most challenging climates.
The numbers tell an interesting story. With a median household income of $104,000, Chetwynd punches well above its weight class for a northern community. That income comes primarily from manufacturing and resource extraction—20% of workers are in manufacturing, while another 11% work in mining, oil, and gas. These aren’t the kind of jobs that disappear overnight, though they do ride the commodity cycles that define northern BC.
What makes Chetwynd different is its chainsaw carving capital status. Every summer, the International Chainsaw Carving Championship brings artists from around the world to transform logs into art on the town’s main street. The permanent collection of wooden sculptures scattered throughout town creates an unexpectedly whimsical atmosphere for what could otherwise be just another resource town.
The housing market reflects the community’s working-class prosperity. Nearly 58% of homes are single-detached houses, with a surprising 13.6% being movable dwellings—a practical choice in a place where work opportunities can shift with resource development. The population has declined 8% since 2016, which typically signals either economic transition or people aging out to warmer climates.
Zone 3b growing conditions mean serious winters and short summers. This isn’t a retirement destination for most people, but it attracts those who value outdoor recreation, stable employment, and the kind of community where neighbors still help each other out.
Tekamar’s maximum loan-to-value ratio in Chetwynd is 55%, reflecting both the specialized local economy and the reality that finding buyers for northern BC properties can take time. For brokers working with clients who understand resource communities, Chetwynd represents solid equity-based lending opportunities backed by genuine local industry.
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Our Mortgage Products Available in Chetwynd
| Mortgage Product Name | Max LTV | Key Notes for Chetwynd |
|---|---|---|
| Credit Repair and Debt Consolidation | 55.0% | Standard product terms |
| Variable Income | 55.0% | Standard product terms |
| Bare Land or Odd Properties | 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 Chetwynd:
55.0 %
If the home has sufficient equity to pay out debts that are at higher interest rates than our mortgage rates, it just makes sense to bundle them. We want to make sure there is an exit strategy to move to a more traditional lender with a year or two.
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in Chetwynd:
55.0 %
Banks and even Alt-A lenders have personal Line 150 (L15000) minimum debt servicing requirements. We don't. Instead, we understand that income can come from different places, or even just be left in a corporation. If we can be shown that mortgage ...
Bare Land or Odd Properties
Maximum Loan-to-Value (LTV) for Bare Land or Odd Properties in Chetwynd:
55.0 %
We're willing to consider any and all properties located in our lending areas so long as the expected days on market makes sense against the loan to value. That means we'll consider true unserviced bare land, tree-forts, mobile homes with addition...