Fraser Lake

Let’s talk about Fraser Lake, British Columbia—a small town with a big personality, tucked away in the heart of BC’s northern interior. This isn’t your typical bustling urban center, and that’s exactly why it’s worth a closer look if you’re a mortgage broker hunting for unique opportunities or a borrower seeking a lender who gets small-town dynamics. At Tekamar Mortgage Fund, we’re all about lending where others won’t, and Fraser Lake fits right into our sweet spot with its distinct charm and challenges.

What makes Fraser Lake stand out? For starters, it’s a tight-knit community of just under 1,000 folks, surrounded by some of the most jaw-dropping natural beauty you’ll find in BC. Think pristine lakes for fishing, endless trails for hiking, and wildlife sightings that’ll make your morning coffee feel like a safari. Local spots like the Fraser Lake itself or the nearby Beaumont Provincial Park are magnets for outdoor enthusiasts. But here’s the real estate angle: this kind of lifestyle appeal can draw a specific buyer—someone craving quiet over city chaos. As a broker, that’s a niche market you can tap into. And for borrowers, if you’ve got a property here, that unique draw can be a selling point when we talk equity lending.

Now, let’s get practical. Fraser Lake’s housing market leans heavily on single-detached homes—over 66% of dwellings—which tells you this is a place for families or retirees wanting space, not high-rises. But with a median household income around $71,000 and a higher-than-average unemployment rate, affordability can be a hurdle. That’s where Tekamar steps in. We’re not scared off by small-town economics. With a maximum loan-to-value (LTV) of 50% in Fraser Lake, we’re cautious but open to deals that make sense. For borrowers, this means we’re looking at your equity and a clear exit strategy—think future refinancing potential—not just your income or credit score. Brokers, if you’ve got a client who’s been turned down by banks for not fitting the cookie-cutter mold, give us a call. We thrive on these kinds of puzzles.

Here’s an insider tip: in towns like Fraser Lake, property values don’t swing as wildly as in Vancouver or Kelowna, but the flip side is slower turnover. If things go south, recovery timelines can stretch out due to limited buyer pools. That’s why we cap our LTV lower here than in bigger centers—safety first, always. We’ve been at this for over 20 years, sourcing funds from friends and family, so protecting principal is non-negotiable. But that doesn’t mean we shy away from risk; it means we calculate it smartly.

Economically, Fraser Lake leans on manufacturing as its backbone, with over 30% of jobs tied to it. That’s a double-edged sword—stable when times are good, shaky when they’re not. For brokers crafting deals, factor in that industry reliance when pitching to us. And borrowers, if your income’s tied to these sectors, we’ll work with you to build a file that shows strength beyond the paycheck.

So, why Fraser Lake? It’s not about size; it’s about potential. Whether you’re a broker looking for a lender who’ll say “yes” outside the urban bubble, or a borrower needing a partner who sees the value in your small-town dream, Tekamar’s here. Our tagline says it best: “We’ll lend where other MICs won’t.” Let’s talk about your next deal in Fraser Lake.