Princeton

Princeton sits at the crossroads of British Columbia’s interior, where the Tulameen and Similkameen rivers meet and create something unexpected in the semi-arid landscape. This town of nearly 3,000 people has mastered the art of quiet persistence, anchored by mining operations that have kept the lights on for generations while building a surprisingly diverse economic base.

The numbers tell an interesting story about resilience. With nearly 30% of residents over 65 and a median age pushing 53, Princeton has become a retirement haven that most people haven’t discovered yet. The appeal isn’t hard to understand—you’ve got Allison Lake for summer recreation, decent healthcare facilities including a hospital, and housing costs that won’t require selling a kidney. The fact that two-thirds of homes are single-detached houses speaks to the space and affordability that draws people seeking a different pace.

Mining still drives nearly 20% of local employment, but manufacturing and retail have carved out solid niches too. The economic mix creates stability even when commodity prices fluctuate, though the 11% unemployment rate suggests this isn’t exactly a boom town. What it lacks in rapid growth, Princeton makes up for in steady, predictable demand from retirees and families who value outdoor access without tourist crowds.

The housing market reflects this practical appeal. With 16% of dwellings classified as “movable,” there’s clearly a segment comfortable with alternative living arrangements, while the majority stick with traditional homes on larger lots. It’s the kind of place where equity builds slowly but surely, assuming you’re not in a hurry to sell.

Tekamar offers our complete range of mortgage products in Princeton with a maximum LTV of 50%, recognizing that while this community offers solid fundamentals for long-term residents, the smaller market requires extra caution for lending decisions.