# Chase, BC

> **Lending here.** Maximum LTV: 60.0%.

## Lending snapshot

Chase is a stable Shuswap lifestyle market, but the local economy is quiet, so Tekamar caps LTV at 60.0%. While retirees and tourism keep property values steady, low household incomes and high unemployment mean we need a conservative buffer. If your client has the equity, we can make deals happen here.

## Key facts

- **Region:** Thompson-Nicola
- **Maximum LTV:** 60.0%
- **Population:** 2,399
- **Economic score:** 7/100
- **Desirability score:** 7/100

## About Chase

### Underwriting Chase: Shuswap's Gateway Market

Chase sits at the outlet of Little Shuswap Lake where it feeds the South Thompson River, serving as a critical alternative market to Kamloops. Geographically constrained to just 3.75 square kilometers, the town is pinched by water and terrain. This tight footprint keeps land supply limited, which helps insulate local property values. While historically tied to forestry, modern Chase functions primarily as a retirement destination and a bedroom community for people commuting down the Trans-Canada Highway.

From an underwriting perspective, the demographics dictate the local economy. The median age of this 2,399-person community is 59, and seniors make up 39% of the population. Consequently, the local employment rate sits at 39.0%, with an unemployment rate of 9.4%. These figures do not indicate a failing economy; rather, they reflect a stable, asset-rich retired population. For working residents, the job base relies on retail trade, construction, and healthcare. Exactly 38.8% of working locals have a short commute under 15 minutes, while the rest travel into Kamloops, bringing the overall average commute time to 29.2 minutes.

The housing stock is highly predictable. Single-detached homes dominate the landscape at 74.9% of all private dwellings. Movable dwellings, including modular and manufactured homes, represent another 8.1%, with low-rise apartments and row houses making up the remainder. Because entry-level prices are significantly lower than in Kamloops or Salmon Arm, demand remains steady for both retiring downsizers and working families looking for affordable detached housing.

Municipal infrastructure supports this steady demand. Recent water and sewer upgrades have paved the way for infill projects and residential expansion west of Chase Creek, preventing the market from stagnating. While summer tourism brings seasonal activity to the Shuswap, the real estate market in Chase is driven by year-round residents rather than recreational properties.

With a Community Desirability Score of 7/10 and an Economic Score of 7/10, Chase represents a reliable, stable secondary market. The community benefits from steady demand, geographic boundaries that prevent oversupply, and close proximity to Kamloops. However, because it is smaller and less liquid than a major urban center, Tekamar caps loans in this community at a maximum LTV of **60.0%**. This loan-to-value threshold mitigates liquidity risk while providing brokers with options for equity take-outs, bridge loans, or debt consolidation for clients looking to leverage their holdings in the Shuswap region.

## Mortgage products available in Chase

| Product | Max LTV | Terms |
|---|---|---|
| [Bare Land and Unique Properties](/mortgage_products/bare-land-or-odd-properties.md) | 60.0% | Standard product terms |
| [Bridge Financing](/mortgage_products/bridge-financing.md) | 60.0% | Standard product terms |
| [Credit Repair and Debt Consolidation](/mortgage_products/credit-repair-and-debt-consolidation.md) | 60.0% | Standard product terms |
| [Equity Lending / Refinance](/mortgage_products/equity-lending.md) | 60.0% | Standard product terms |
| [Purchases](/mortgage_products/purchases.md) | 60.0% | Standard product terms |
| [Variable Income](/mortgage_products/variable-income.md) | 60.0% | Standard product terms |

## Frequently asked questions

### What's the max LTV in Chase and why is it set there?

Our max LTV is capped at 60.0% to offset the town's economic vulnerabilities. While real estate demand is stable, Chase has a low median household income of $60,400 and a high 9.4% unemployment rate, requiring a conservative equity buffer.

### What's the local economy like, and how does that affect getting a deal done?

The economy relies on tourism, agriculture, and retirees, meaning many locals don't fit prime-lender income boxes. We can easily bypass rigid income verification, but we need to see a realistic exit strategy and solid equity to approve the deal.

### What would sink a deal here?

A deal will fall apart if the LTV pushes past 60.0% or if there is no clear, viable exit strategy. Because the local economy isn't dynamic enough to easily absorb financial shocks, we cannot stretch on equity or accept a weak payout plan.


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*Plain-markdown copy for LLM/agent use. Canonical page: https://www.bridgefort.ca/communities/chase*
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