Logan Lake sits in the heart of BC’s mining country, where copper and molybdenum have shaped both the landscape and the community for decades. This planned town emerged in the 1970s around Highland Valley Copper operations, and while mining still employs over 21% of residents, the community has evolved into something more interesting than your typical resource town.
The numbers tell a story of transformation. With a median age of 54.4 years and 33% of residents over 65, Logan Lake has become a magnet for retirees who discovered what locals already knew—this place offers serious outdoor recreation without the crowds or price tags of resort towns. The population jumped 13% since 2016, bucking the trend of rural decline that’s hit many BC communities.
What sets Logan Lake apart is its deliberate design. Unlike towns that grew organically, this community was purpose-built with wide streets, ample green space, and a logical layout that makes everything accessible. The result feels more like a well-planned suburb than a remote mining town, which explains why 63% of housing stock consists of single-detached homes.
The recreational opportunities here aren’t just good—they’re ridiculous. Logan Lake itself offers some of the province’s best fishing for rainbow trout, while the surrounding Highland Valley provides endless hiking and mountain biking trails. Winter brings cross-country skiing and snowmobiling right from your doorstep. For retirees with outdoor interests, it’s hard to beat the combination of affordability, recreation, and small-town convenience.
Tekamar offers our full range of mortgage products in Logan Lake with a maximum LTV of 55%. The conservative ratio reflects the community’s economic dependence on mining, but for borrowers with solid equity, we’re here to help with everything from debt consolidation to bridge financing in this uniquely appealing corner of the Thompson-Nicola region.
the Nearest Tim Hortons
Nearest Hospital
Our Mortgage Products Available in Logan Lake
| Mortgage Product Name | Max LTV | Key Notes for Logan Lake |
|---|---|---|
| Credit Repair and Debt Consolidation | 55.0% | Standard product terms |
| Variable Income | 55.0% | Standard product terms |
| Bare Land and Unique Properties | 55.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 55.0% | Standard product terms |
| Development/Subdivisions | 50.0% | Standard product terms |
| Equity Lending | 55.0% | Standard product terms |
| Purchases | 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 Logan Lake:
55.0 %
“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 Logan Lake:
55.0 %
“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...
Bare Land and Unique Properties
Maximum Loan-to-Value (LTV) for Bare Land and Unique Properties in Logan Lake:
55.0 %
“The appraisal came back as ‘property type: other’…”
Here’s a truth about real estate that nobody wants to admit: not everything fits in a box. Banks have boxes. Nice, tidy boxes labeled “single family home” and “condo” and “townhouse.” Their computer systems literally don’t have a dropdown menu option for “converted church with commercial kitchen” or “geodesic dome on 40 acres.”
We’ve funded...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Logan Lake:
55.0 %
“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...
Development/Subdivisions
Maximum Loan-to-Value (LTV) for Development/Subdivisions in Logan Lake:
50.0 %
“Got a client with subdivision dreams? Unfortunately we’ll probably say no…”
Look, we know you’ve got that client. The one with 5 acres in Kamloops who’s convinced they’re sitting on a goldmine once it’s subdivided. They’ve got the sketches. They’ve done the math. They just need a lender who “gets it.”
We get it. We just don’t do it anymore.
After 20 years of funding subdivisions across rura...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Logan Lake:
55.0 %
“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 Logan Lake:
55.0 %
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...