Prince George

Let’s talk about Prince George, British Columbia—a city that’s often overlooked but packs a punch for anyone in the mortgage and real estate game. Nestled in the heart of BC’s northern interior, it’s a hub of opportunity with a rugged charm that sets it apart from the glossy urban centers like Vancouver or even Kelowna. At Tekamar Mortgage Fund, we see the potential here, and with our tagline, “We’ll lend where other MICs won’t,” Prince George fits right into our sweet spot.

What makes Prince George unique? For starters, it’s the largest city in northern BC, serving as a regional anchor for healthcare, retail, and construction—key industries that keep the local economy humming. This isn’t just trivia; it matters because a diverse economic base means more stability for borrowers looking to secure a mortgage and for brokers hunting for reliable lending partners. If you’re a borrower with equity in a property here, we’re interested, especially since our focus is on equity lending for those who might not check every box at a traditional bank. And brokers? Give us a call—we’re keen to discuss deals in this market with a max loan-to-value (LTV) of 65%.

One thing you can’t miss about Prince George is its deep connection to the outdoors. With over 106 km of trails and winter amenities like outdoor ice arenas, it’s a magnet for Alberta retirees or anyone craving a slower pace surrounded by nature. That vibe translates to real estate demand—think single-detached homes, which make up nearly 60% of the housing stock. For borrowers, this means a market with steady interest in family-friendly properties. Brokers, take note: we’re open to first and second mortgages here, as long as there’s a clear exit strategy for repayment.

Now, let’s get practical. The median household income sits at $88,000, which is solid for a smaller city, but a 9.4% unemployment rate signals some risk—especially with ties to volatile sectors like forestry. As a lender, we factor this into our decisions, keeping our LTV conservative to protect our investors (all friends and family, by the way). For borrowers, this means we’ll dig into the numbers to ensure the deal makes sense. Brokers, this is where your expertise shines—bring us deals with strong equity and a story that shows a path forward, and we’ll work with you.

A local gem worth mentioning is the Two Rivers Gallery, a cultural hub that showcases the city’s creative side. It’s a reminder that Prince George isn’t just about industry—it’s got heart. That balance of grit and appeal is why we’re comfortable lending here, unlike many MICs who stick to bigger markets.

Here’s the bottom line: Prince George offers a unique mix of economic diversity and natural allure, making it a smart bet for the right mortgage deals. At Tekamar, we’re not afraid to step into smaller markets like this one. Borrowers, if you’ve got equity but struggle with income qualifying, let’s talk. Brokers, if you’ve got a client in Prince George, reach out—we’re ready to partner on deals that others might pass on. After all, we’ve been at this for over 20 years, and we know a good opportunity when we see one.