Kamloops

Let’s talk about Kamloops, British Columbia—a city that’s got more going for it than just a great view of the Thompson River. Nestled in the heart of BC’s interior, this place is a hidden gem for anyone in the mortgage game, whether you’re a broker hunting for a lender who gets small-town dynamics or a borrower looking to tap into equity in a market that’s still got room to grow. At Tekamar Mortgage Fund, we’re all about lending where others won’t, and Kamloops? It’s right in our sweet spot.

What sets Kamloops apart from other BC communities isn’t just its rugged charm or the fact it’s dubbed the “Tournament Capital of Canada” for hosting sports events left and right. It’s the real estate potential here that’s got our attention. With a population pushing just shy of 100,000 and steady growth over the years, this isn’t some sleepy outpost. It’s a vibrant hub with a diversified economy—think healthcare, retail, and tourism—plus a university (Thompson Rivers) that keeps the vibe young and the future bright. For brokers, that means a market with consistent demand and resale potential; for borrowers, it’s a place where property values aren’t as inflated as, say, the Lower Mainland, giving you more bang for your buck.

Now, let’s get practical. At Tekamar, we’re happy to lend in Kamloops with a maximum loan-to-value (LTV) of 70%. That’s not a blanket promise—every deal gets a hard look based on risk, whether it’s a second mortgage or bare land. But it does mean we’re open to creative deals here, especially for equity lending when traditional banks or credit unions turn you down over income or credit hiccups. We always want a clear exit strategy, though—think refinance potential down the road. So, brokers, if you’ve got a client with a solid property but a less-than-perfect financial story, give us a call. And borrowers, if you’re sitting on equity in Kamloops but can’t get a “yes” elsewhere, we’re listening.

Why Kamloops Works for Us

Kamloops isn’t just another pin on the BC map—it’s got lifestyle appeal that drives property interest. You’ve got Sun Peaks Ski Resort nearby for the winter crowd, plus cultural draws like local powwows that remind you of the deep roots in this area. Retirees love it for the mild climate (it’s gotten noticeably warmer over the decades), and vacation home buyers see it as a quieter alternative to Kelowna. That diversity in buyers means properties here don’t sit on the market forever—a big plus for us at Tekamar, since we’re always calculating how fast we can recover funds if a deal goes south. For brokers, that’s a selling point to pitch clients; for borrowers, it’s peace of mind knowing your investment isn’t in a ghost town.

Here’s the kicker: unlike many MICs glued to Vancouver or the Fraser Valley, we at Tekamar focus on places like Kamloops—towns with character and opportunity, not just skyscrapers. Our tagline, “We’ll lend where other MICs won’t,” isn’t just marketing fluff. We’ve been at this for over 20 years, and while we’re now ramping up to work with more brokers, our roots are in understanding smaller markets. Got a deal in Kamloops? Let’s chat. We’re not here to play hardball—just to make deals work for everyone involved.