New Hazelton

Ever driven through a small town in BC and felt like you’ve stumbled into a hidden gem? That’s New Hazelton for you—a rugged, unpolished spot in the heart of the Bulkley Valley with a charm that sneaks up on you. Nestled in northwest British Columbia, this community of just over 600 people offers a slice of raw, natural beauty and a tight-knit vibe that’s hard to find in bigger centers. For mortgage brokers and borrowers alike, it’s a place worth a second look, especially if you’re working with a lender like Tekamar Mortgage Fund who’s willing to go where others won’t.

Let’s talk about what makes New Hazelton stand out from a real estate and lending perspective. First off, the housing here is dominated by single-detached homes—over 74% of the market. That means if you’re a borrower looking for a family home or a fixer-upper with some land, you’ve got options. For brokers, this translates to deals that often involve straightforward residential properties, though the remote location can mean slower resale timelines. That’s where Tekamar comes in. We’re comfortable lending in smaller towns like this with a maximum loan-to-value (LTV) of 50% in New Hazelton, ensuring we balance risk with opportunity. Our focus on equity lending also means we can help borrowers who don’t tick every box for traditional banks, as long as there’s a clear exit strategy.

Now, let’s get real about the economics. The median household income sits at $66,500, which isn’t sky-high, and unemployment hovers around 15%. That can raise eyebrows for lenders, and it’s why many shy away from places like this. But here’s the thing—New Hazelton has a backbone of steady industries like education and healthcare, plus mining, which keeps some cash flowing. For borrowers, this might mean you’re in a community where equity in your home could be your ticket to financial flexibility. Brokers, take note: we’re open to creative deals here, especially for clients with solid equity but less-than-perfect credit or income docs, as long as the numbers make sense.

What really sets New Hazelton apart, though, isn’t just the numbers—it’s the lifestyle. You’ve got access to jaw-dropping hiking and fishing spots right out your back door, plus historical draws like ‘Ksan Historical Village, a living museum of Gitxsan culture. It’s the kind of place that attracts lifestyle buyers who want to escape the rat race. But fair warning: the remote location means amenities are limited, and that can slow down a property sale if things go sideways. That’s why we at Tekamar are cautious with our LTVs—we’re protecting our investors (friends and family, mind you) while still saying “yes” to deals other MICs might pass on.

So, if you’re a borrower dreaming of a quieter life in a place like New Hazelton, or a broker with a client who fits this mold, give us a shout. We’re not your typical Vancouver-focused lender. With our tagline, “We’ll lend where other MICs won’t,” we mean it. We’ve been at this for over 20 years, and we’re ready to look at deals in towns big and small across BC—just not in the Greater Vancouver Area. Let’s chat about how we can make your next mortgage deal work, even in a spot as unique as this one.