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A picture of the City of Quesnel.

Quesnel

Lending guidelines for Quesnel, British Columbia

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Max Loan To Value:
55%
Details
2021 Population
9,889
0.1% growth
Tim Hortons?
2 locations
Nearest Costco
119 km away
Has a Hospital?
Yep!
Stop Lights?
10 intersections (Show on Map)
Median Household Income
$67,000
Land Area
35.35 Km²
279.8 people/km²
Employment Rate
48.7%
Avg Commute
15 min

Quesnel sits at the confluence of the Fraser and Quesnel Rivers, where gold rush history meets modern forestry economics. This northern BC community of nearly 10,000 people has weathered boom-and-bust cycles for over 150 years, creating a resilient population that knows how to adapt when times get tough.

The numbers tell a story of economic vulnerability — unemployment sits at 10.5% and median household income hovers around $67,000. Manufacturing (largely forestry-related) employs nearly 17% of the workforce, making the local economy susceptible to lumber market swings. Yet Quesnel’s residents have seen these cycles before. The town that survived the Cariboo Gold Rush isn’t going anywhere.

What sets Quesnel apart is its position as the gateway to some of BC’s most spectacular wilderness. The Bowron Lake Provincial Park canoe circuit draws paddlers from around the world for its 116-kilometer journey through pristine lakes and rivers. This isn’t weekend warrior territory — it’s serious backcountry that attracts dedicated outdoor enthusiasts who often fall in love with the area and stick around.

The housing market reflects the economic realities, with nearly 60% of dwellings being single-detached homes. Property values remain accessible compared to southern BC, though our 55% maximum LTV reflects the challenges of a resource-dependent economy and limited buyer pool. For brokers working with clients who need equity-based lending, Quesnel offers opportunities in a market where traditional lenders often hesitate.

Climate change has actually been kind to Quesnel, with the hardiness zone improving from 4a to 4b over recent decades. Longer growing seasons and milder winters might eventually attract more residents seeking affordable living with outdoor recreation at their doorstep. The town’s aging population (median age 45.6) creates opportunities for those willing to bet on Quesnel’s next chapter.

Tekamar offers bridge loans, second mortgages, and debt consolidation products here for borrowers who understand that sometimes the best opportunities require patience and local knowledge.

2021 Population
9,889
0.1% growth
Median Age
45
Tim Hortons Per 1000 People
0.20 (2 locations)
Driving Distance to
the Nearest Costco
1 hour 20 minutes
Hospitals Per 1000 People
0.10 (1 hospital in city limits)
Traffic Lights Per 1000 People
1.01 (10 intersections)
Median Household Income
$67,000
Land Area
35.35 Km²
279.8 people/km²
Employment Rate
48.7%
Avg Commute
15 min
Restaurants
27 restaurants 2.73 per 1000 people

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