# Prince George, BC

> **Lending here.** Maximum LTV: 65.0%.

## Lending snapshot

Prince George is the undisputed economic hub of northern BC, not a volatile resort town. We lend up to 65.0% LTV here because while healthcare and education keep the market stable, we still have to factor in resource sector swings and a 9.4% unemployment rate. If you have solid local buyers looking for primary homes, we're interested.

## Key facts

- **Region:** Fraser-Fort George
- **Maximum LTV:** 65.0%
- **Population:** 76,708
- **Economic score:** 6/100
- **Desirability score:** 6/100

## About Prince George

### The Northern Hub

Prince George is the economic heavyweight of northern BC. Located 800 kilometers north of Vancouver where Highways 16 and 97 meet, its market reach extends far past the city limits. While the local population sits at 76,708, the city serves as the primary medical, retail, and government hub for over 300,000 people across the northern half of the province. This is a blue-collar, practical city. It is not a lifestyle destination you will find in tourism brochures, but from a private lending perspective, it represents a stable, self-sustaining market.

### Economic Drivers and Housing

The old forestry and mill town identity remains, but the modern economy is highly diversified. Healthcare and education are the primary drivers today. The regional hospital and the University of Northern British Columbia provide a deep pool of steady, well-paying public sector jobs. Healthcare alone employs 15.0% of the workforce, followed by retail and construction. The workforce is young, with a median age of 38, and local employment sits at a stable 60.0%. Prince George is also a major shipping corridor; if heavy machinery, lumber, or industrial supplies are moving through the interior, they go through this hub.

For residential borrowers, the main draw is affordability. Unlike the Lower Mainland or the Okanagan, a middle-class family can easily buy a detached home with a yard here. Single-family detached houses make up 58.1% of the housing stock. Residents typically live in suburbs like College Heights or the Hart, enjoying short commutes—nearly half of the local workforce travels under 15 minutes to get to work. It is an active, outdoor-oriented community where people trade urban density for space and quick access to the backcountry.

### Our Lending Approach in Prince George

For Tekamar, Prince George is one of our primary urban lending areas outside the Lower Mainland. When evaluating a file here, neighborhood selection is our main focus. Like many regional hubs, Prince George has defined pockets of social issues and property crime downtown, while the surrounding suburbs look and feel like any quiet, middle-class Canadian neighborhood.

We underwrite with a focus on real-world exit strategies, meaning we look closely at how long a foreclosure takes and how fast a property will sell if we have to take it back. Because we lend investor capital, protecting principal is our priority. Since Prince George has a diverse employment base, solid liquidity, and steady institutional jobs, we set our maximum loan-to-value here at **65.0%**.

This is a stable market driven by working families, tradespeople, and healthcare workers, not speculative investors. If you have clients looking to consolidate debt, bridge a purchase, or access equity in a solid Prince George property, send us the file. We know the neighborhoods, we understand the local economy, and we will give you a straight answer quickly.

## Mortgage products available in Prince George

| Product | Max LTV | Terms |
|---|---|---|
| [Bare Land and Unique Properties](/mortgage_products/bare-land-or-odd-properties.md) | 65.0% | Standard product terms |
| [Bridge Financing](/mortgage_products/bridge-financing.md) | 65.0% | Standard product terms |
| [Credit Repair and Debt Consolidation](/mortgage_products/credit-repair-and-debt-consolidation.md) | 65.0% | Standard product terms |
| [Equity Lending / Refinance](/mortgage_products/equity-lending.md) | 65.0% | Standard product terms |
| [Purchases](/mortgage_products/purchases.md) | 65.0% | Standard product terms |
| [Variable Income](/mortgage_products/variable-income.md) | 65.0% | Standard product terms |

## Frequently asked questions

### What is the maximum LTV you will offer in Prince George, and why?

Our max LTV is capped at 65.0%. This buffer protects capital against the northern market's smaller buyer pool and the longer carrying costs if we ever have to go through a foreclosure.

### How does Prince George's economy affect whether my deal gets approved?

The city's role as a regional hub for healthcare and education provides a stable economic floor. However, because of resource sector swings and a 9.4% unemployment rate, we need to see sensible files with steady, local income.

### What kind of deal is an automatic 'no' for you in this market?

We will walk away from speculative, highly leveraged investment properties or seasonal vacation homes. This is an owner-occupied, working-class market, so we are strictly looking for primary residences.


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