Merritt

Merritt sits at the crossroads of five valleys in the Nicola Valley, where the Coldwater and Nicola Rivers converge to create some of the province’s most productive ranch land. This community of 7,000 has earned the title “Country Music Capital of Canada” — not through marketing spin, but because it genuinely hosts one of the largest country music festivals in North America each July, drawing performers and fans from across the continent.

The numbers tell an interesting story about who calls Merritt home. With a median age of 49 and nearly 28% of residents over 65, this isn’t a place where young professionals are flocking for tech jobs. Instead, it’s where people come to retire among mountains, fish world-class waters, and enjoy a pace of life that’s increasingly rare. The Coquihalla Highway puts Vancouver just 2.5 hours away, making Merritt accessible without feeling crowded.

Housing here reflects the community’s character — 65% single-family homes with generous lots, often backing onto Crown land or ranch property. The median household income of $70,000 combined with an aging population creates interesting opportunities for equity-rich homeowners who don’t fit traditional lending boxes. Many residents own properties outright or carry minimal mortgages, having moved here from pricier markets.

Merritt’s economy centers on healthcare, retail, and tourism, with the nearby Highland Valley Copper mine providing industrial stability. The community rebuilt itself remarkably after devastating 2021 floods, demonstrating the resilience that comes from genuine community bonds rather than municipal PR campaigns.

For brokers working with clients who’ve chosen lifestyle over career advancement, or retirees consolidating debt outside traditional qualification parameters, Tekamar offers solutions in Merritt with a maximum 55% LTV. The equity cushion reflects market realities while serving borrowers who value mountain views over subway access.