Wells

Wells represents one of BC’s most authentic frontier experiences, where 218 residents live surrounded by some of the province’s most spectacular wilderness. This former gold rush town sits at the edge of the Cariboo Mountains, serving as the gateway to Bowron Lake Provincial Park and its world-famous canoe circuit.

The numbers tell a story of economic challenge—unemployment sits at 37.5% and the population has barely budged since 2016. Yet those statistics miss what makes Wells compelling: it’s become a magnet for people seeking something beyond conventional suburban life. The town attracts artists, outdoor enthusiasts, and remote workers who value proximity to untouched wilderness over shopping malls.

Wells has reinvented itself as an arts destination, with the Wells Arts Council hosting summer festivals that draw visitors from across the province. The historic buildings, many dating to the 1930s gold boom, house galleries, studios, and the famous Sunset Theatre. Winter brings cross-country skiers and snowshoers to some of BC’s most reliable snow conditions.

The housing market reflects this niche appeal—nearly 70% of homes are single-detached houses, and there’s a surprising number of row houses for such a small community. Properties here serve specific purposes: permanent residences for hardy locals, seasonal retreats for outdoor enthusiasts, and investment properties for the adventure tourism market.

For mortgage brokers working with clients who understand Wells’ unique position, Tekamar offers lending solutions up to 50% LTV. This conservative approach reflects both the specialized nature of the local market and the time required to market properties in remote locations. Our equity-based lending works particularly well for buyers who see value in Wells’ combination of affordability, natural beauty, and authentic mountain community character.