Smithers sits in the heart of the Bulkley Valley, where the Babine and Skeena Mountains create a natural amphitheater that locals call one of the most beautiful settings in British Columbia. This isn’t just scenic hyperbole—the town’s backdrop of Hudson Bay Mountain has made it a filming location for countless productions and a magnet for outdoor enthusiasts who refuse to compromise on their lifestyle.
The numbers tell an interesting story. With a median household income of $85,000 and a stable population of around 5,400, Smithers punches above its weight economically. The town’s diversified base spans retail trade, healthcare, public administration, and construction, creating the kind of economic resilience that makes lenders sleep better at night. The 62.8% single-detached housing stock reflects what people want here—space, privacy, and mountain views from their kitchen windows.
What sets Smithers apart is its role as the unofficial capital of the Bulkley Valley. People drive here from surrounding communities for healthcare, shopping, and services, creating a natural economic moat that smaller towns lack. The town’s location on Highway 16 positions it as a crucial stop between Prince George and the coast, ensuring steady traffic flow and business activity.
Hudson Bay Mountain’s ski hill operates right in town—you can literally ski down into the community, making it one of the few places where your morning commute might involve chairlifts. This proximity to world-class skiing, combined with summer hiking trails that attract visitors from across the province, creates a year-round recreation economy that supports local businesses.
The housing market here reflects what happens when natural beauty meets practical necessity. Properties tend to hold their value because supply remains constrained by geography, and demand stays steady from people seeking the mountain lifestyle without complete isolation.
Tekamar offers our full range of mortgage products in Smithers with a maximum LTV of 70%. The combination of economic diversity, geographic advantages, and recreational appeal makes this community one where we’re comfortable lending at our higher ratio levels.
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Our Mortgage Products Available in Smithers
| Mortgage Product Name | Max LTV | Key Notes for Smithers |
|---|---|---|
| Construction Mortgages | 65.0% | Standard product terms |
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 70.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 70.0% | Standard product terms |
| Equity Lending | 70.0% | Standard product terms |
| Purchases | 70.0% | Standard product terms |
Detailed Mortgage Product Information
Construction Mortgages
Maximum Loan-to-Value (LTV) for Construction Mortgages in Smithers:
65.0 %
“Wait, you’re a MIC that actually does construction?”
Here’s something that makes brokers do a double-take. Yes, we do construction mortgages. No, that’s not a typo.
But before you start sending us your client with the 580 credit score who wants to build their dream home, let’s be clear: these aren’t your typical MIC deals. We only do construction for bankable clients. People the banks would ...
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Smithers:
65.0 %
“Their credit report reads like a horror novel, but the house was just renovated and is worth a lot…”
Here’s what happens when life takes a wrong turn. A bad business venture. Workplace Injury. That divorce that dragged on for two years. Suddenly your credit score looks like a batting average and the banks won’t even return your calls.
But here’s the thing – none of that changes what your ho...
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in Smithers:
70.0 %
“Their income is all over the map, but there’s definitely income…”
Here’s a funny thing about lending based on Line 15000 of your Notice of Assessment: It’s a neat little box to underwrite against. Works great if you’re a salaried employee. Not so great if you’re running a fishing charter in Campbell River where thres fishing season, and the rest of the year.
We get it. Income isn’t always ti...
Bare Land and Unique Properties
Maximum Loan-to-Value (LTV) for Bare Land and Unique Properties in Smithers:
65.0 %
“The appraisal came back as ‘property type: other’…”
Here’s a truth about real estate that nobody wants to admit: not everything fits in a box. Banks have boxes. Nice, tidy boxes labeled “single family home” and “condo” and “townhouse.” Their computer systems literally don’t have a dropdown menu option for “converted church with commercial kitchen” or “geodesic dome on 40 acres.”
We’ve funded...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Smithers:
70.0 %
“Subjects came off their current home last week but their new place closes Friday…”
Here’s a funny thing about bridge financing: everyone thinks it’s complicated. It’s not. Someone needs to close on their new house before their old house sells. Or their sale fell through after they removed subjects on their dream home. Or they found the perfect downsizer condo but haven’t listed the family hom...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Smithers:
70.0 %
“They have tons of equity but don’t qualify under B20…”
Here’s the thing about equity lending: it exists because banks literally can’t do it. B20 guidelines require income verification. Full stop. No wiggle room. No common sense exceptions.
We’re provincially regulated. The funds we lend on come from individual investors, not the Bank of Canada. So when your client has 50% equity but their in...
Purchases
Maximum Loan-to-Value (LTV) for Purchases in Smithers:
70.0 %
Moving is supposed to be exciting. New town, new job, new chapter. So why do banks act like you’re asking for their firstborn when you need a mortgage?
“You haven’t been at your new job for thre months”
“Your self-employment income doesn’t count in a new market.”
“We need to see established a year if you are part time contract - even if you’re working 40 hours under your new role”
Meanwhile...