Sun Peaks

Sun Peaks represents something rare in British Columbia’s mortgage landscape — a purpose-built resort village where the ski-in, ski-out lifestyle isn’t just marketing fluff. While most mountain communities evolved organically around mining or logging, Sun Peaks was designed from the ground up as Canada’s second-largest ski area, creating a unique lending environment that defies typical rural metrics.

The numbers tell an intriguing story. With 127.9% population growth since 2016, Sun Peaks is exploding faster than almost anywhere in BC, yet it maintains the intimate feel of a European alpine village. Nearly half the housing stock consists of apartments under five stories, reflecting the resort’s condo-hotel model where owners can live in their units part-time and rent them to visitors when away.

Here’s what makes Sun Peaks different for mortgage professionals: the seasonal economy that scares other lenders actually creates opportunity. Tourism drives 30% of employment, but proximity to Kamloops (45 minutes) means residents aren’t trapped in a single-industry bubble. The $84,000 median household income significantly outpaces the provincial average for communities this size, supported by a highly educated population where 76.6% hold post-secondary credentials.

The real estate dynamics are particularly compelling. Properties here function as both primary residences and investment vehicles, with owners often covering mortgage payments through short-term rentals during peak ski season. The year-round appeal — skiing in winter, mountain biking and golf in summer — creates consistent demand that other seasonal markets lack.

For Tekamar, Sun Peaks represents the sweet spot between resort premium and small-town accessibility. Our 60% maximum LTV reflects the community’s strong fundamentals while acknowledging the seasonal nature of the local economy. Properties here move quickly when they hit the market, thanks to the limited supply and the community’s reputation as one of the few places in BC where you can actually afford the mountain lifestyle.