Anmore

Anmore Lending Guidelines

Anmore is an outlier in the Metro Vancouver market. Located in the hills north of Port Moody, this village of 2,356 people offers high-end privacy for homeowners, but it is a quick “no” for our underwriter. Because Anmore sits inside the Metro Vancouver boundary, it is an excluded lending area for Tekamar. Our maximum loan-to-value here is 0%.

If you are trying to place a deal in Anmore, you need to understand the local housing stock. You will not find any apartments or row houses here. The inventory is 71.1% single-detached luxury homes on large acreages, with duplexes making up 14.1% and movable dwellings at 10.7%. It is a wealthy enclave where buyers pay a premium for space, knowingly trading away public transit and walkability.

There is no commercial core. Residents drive down the hill to Port Moody or Coquitlam for basic services, groceries, and schools. It is entirely car-dependent, which shows in the commuting data: only 19.8% of residents have a commute under 15 minutes, while the average commute runs 35.6 minutes.

The economic profile reflects a highly educated commuter population. Over 74% of residents have post-secondary education, and the median household income sits at $162,000. But despite a high community desirability score of 9/10 and a solid 7/10 economic score, the geographic location dictates our policy.

At Tekamar, we are a Salmon Arm-based mortgage investment corporation. We lend exclusively outside Greater Vancouver and the Fraser Valley. Our focus is on equity loans, second mortgages, and bridge financing in secondary and tertiary BC markets. We often call ourselves the MIC for towns without stoplights.

While Anmore might fit the physical profile of a quiet, semi-rural town, its inclusion in Metro Vancouver puts it outside our lending box. Our capital comes from friends and family, and our portfolio is built around secondary markets with accessible price points, not multi-million-dollar Vancouver estates. If you have an acreage, a hobby farm, or a custom build in the Okanagan, the Kootenays, or on Vancouver Island, send it our way. For Anmore, you will have to look to local Lower Mainland private lenders.