Fraser Lake sits at the heart of British Columbia’s central interior, where the lumber mills have been humming for decades and the lake itself stretches out like a natural highway through the wilderness. This isn’t your typical lakeside resort town—it’s a working community where manufacturing drives nearly a third of all employment, and the outdoor recreation happens between shifts rather than as the main attraction.
The numbers tell an interesting story here. With 965 residents spread across just over 4 square kilometers, Fraser Lake maintains that small-town density where everyone knows their neighbors, but the economic reality is tougher than many BC communities. The median household income of $71,000 reflects the manufacturing wages, though unemployment sits at 12.4%, suggesting the local economy rides the cycles of resource-based industries.
What’s fascinating about Fraser Lake is its climate transformation. The area has experienced one of BC’s most dramatic warming trends, with growing conditions improving by nearly 43% over the past three decades. That shift from the harsh Zone 4a climate of previous generations opens possibilities that weren’t there before, though it’s still challenging territory for anything but the hardiest crops and most determined gardeners.
The housing market here is straightforward—two-thirds single-family homes, with a mix of row houses and apartments filling out the options. No duplexes to speak of, and about 5% living in mobile homes, which paints a picture of practical housing choices rather than investment speculation.
For mortgage brokers working with clients in Fraser Lake, Tekamar offers our full suite of alternative lending products with a maximum LTV of 45%. That conservative approach reflects both the economic realities and the time it might take to recover funds in this smaller market. The natural beauty and outdoor access provide lifestyle value, but the economic fundamentals require careful assessment of each deal’s equity position.
the Nearest Tim Hortons
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Our Mortgage Products Available in Fraser Lake
| Mortgage Product Name | Max LTV | Key Notes for Fraser Lake |
|---|---|---|
| Construction Mortgages | 45.0% | Standard product terms |
| Credit Repair and Debt Consolidation | 45.0% | Standard product terms |
| Variable Income | 45.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 45.0% | Standard product terms |
| Equity Lending | 45.0% | Standard product terms |
| Purchases | 45.0% | Standard product terms |
Detailed Mortgage Product Information
Construction Mortgages
Maximum Loan-to-Value (LTV) for Construction Mortgages in Fraser Lake:
45.0 %
“Wait, you’re a MIC that actually does construction?”
Here’s something that makes brokers do a double-take. Yes, we do construction mortgages. No, that’s not a typo.
But before you start sending us your client with the 580 credit score who wants to build their dream home, let’s be clear: these aren’t your typical MIC deals. We only do construction for bankable clients. People the banks would ...
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Fraser Lake:
45.0 %
“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 Fraser Lake:
45.0 %
“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...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Fraser Lake:
45.0 %
“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 Fraser Lake:
45.0 %
“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 Fraser Lake:
45.0 %
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...