Sun Peaks

So, you’ve got a client eyeing a cozy chalet in Sun Peaks, British Columbia, or maybe you’re a borrower dreaming of a mountain escape. Either way, let’s talk about why this little gem of a community is worth a closer look—and why Tekamar Mortgage Fund might just be the lender to help make it happen. Nestled in the heart of BC’s interior, Sun Peaks isn’t your typical small town. It’s a year-round playground with a unique vibe that’s drawing families, retirees, and vacation home hunters alike.

First off, what sets Sun Peaks apart? It’s not just the stunning mountain views or the fact that it’s home to Canada’s second-largest skiable area. This place has a tight-knit village charm with a European flair—think cobblestone walkways and ski-in, ski-out access right from your doorstep. Unlike many rural spots in BC, Sun Peaks offers a lifestyle that’s hard to beat, with world-class outdoor recreation from skiing in winter to golfing and hiking in summer. And let’s not forget local spots like Masa’s Bar + Grill, where you can grab a post-ski pint and soak in the community buzz. It’s no wonder the population has skyrocketed over 120% since 2016. For mortgage brokers, this growth signals demand—properties here don’t sit long, even in a foreclosure scenario. For borrowers, it means you’re investing in a place with serious staying power.

From a real estate perspective, Sun Peaks is intriguing. The housing mix leans heavily toward apartments and row houses—think condos and townhomes perfect for seasonal rentals or vacation pads. Single-detached homes are rarer, making up less than 20% of the market, so if your client’s after one, expect competition. For us at Tekamar, that’s a good thing. We see high demand as a safety net. If the worst happens and we need to recover funds, properties here typically sell within 2-3 months with minimal discounting. That’s why we’re comfortable lending in Sun Peaks at a maximum loan-to-value (LTV) of 60%. It’s not the highest LTV out there, but it reflects our cautious approach—protecting our investors while still saying “yes” where other MICs hesitate. Brokers, that means you’ve got a partner for those unique deals; borrowers, it means we’re looking at your equity and exit strategy, not just your credit score.

Now, let’s talk economics. Sun Peaks thrives on tourism—over 30% of jobs are tied to accommodation, recreation, and entertainment. That’s great for property values but comes with seasonal risk. If a downturn hits, sale timelines could stretch to 5-6 months with a moderate price drop. We factor that into every deal. Our niche at Tekamar is lending where others won’t, especially in smaller BC towns like this one. We’re not chasing Vancouver or Fraser Valley deals; we’re here for places with character and potential. Founded over 20 years ago, we’ve built a reputation for creative solutions like equity lending and non-income-qualifying mortgages—perfect for borrowers who don’t fit the bank’s cookie-cutter mold. And brokers, if you’ve got a deal in Sun Peaks or another off-the-beaten-path spot, give us a call. We love digging into the details.

One last tidbit: Sun Peaks isn’t just for adrenaline junkies. With solid schools and daycare options, it’s quietly becoming a family hub. Add in a warming climate that’s making the area more livable year-round, and you’ve got a recipe for long-term growth. Whether you’re a broker hunting for a flexible lender or a borrower with a vision, Sun Peaks—and Tekamar—might just be your sweet spot. Let’s chat about getting that deal done.