# Burnaby, BC

> **Not in our lending area.** Tekamar does not currently lend in Burnaby.

## Lending snapshot

Burnaby is a dense, hyper-urban Metro Vancouver hub, but our max LTV here is 0.0%. The local economy is solid and driven by tech, education, and services, making it a hotspot for mainstream A-lenders. Because this market is so saturated with big banks and large privates, it falls completely outside our small-town lending mandate.

## Key facts

- **Region:** Metro Vancouver
- **Maximum LTV:** Not in lending area
- **Population:** 249,125
- **Economic score:** 7/100
- **Desirability score:** 9/100

## About Burnaby

### Burnaby Community Profile and Lending Context

With a population of 249,125, Burnaby is no longer a satellite commuter town. It is a massive, self-sustaining economic engine that has grown by 7.0% since 2016. Bordered by Vancouver to the west, the city is defined by heavy transit infrastructure, high-density residential hubs, and a highly educated workforce where 47.2% of residents hold a bachelor's degree or higher. 

For mortgage brokers, Burnaby presents a highly competitive urban real estate landscape. The housing stock reflects this density. Over 32% of the market consists of high-rise concrete apartments, complemented by 23.6% low-rise apartments and 16.5% duplexes. Traditional single-detached homes make up only 18.9% of the inventory. This housing stock is heavily concentrated around key SkyTrain corridors like Metrotown, Brentwood, and Lougheed. It is an expensive, fast-moving market driven by young professionals and families, supported by a solid local employment rate of 58.2% with major sectors in professional, scientific, and technical services.

Despite Burnaby's obvious economic strength—reflected in its high community desirability score of 9/10 and an economic score of 7/10—it falls entirely outside our lending guidelines.

At Tekamar, we built our business model on a very specific niche. We are the alternative private lender for the communities that traditional institutional lenders overlook. We do not compete with big banks or urban credit unions in the heart of the Lower Mainland. Our capital is structured to assist borrowers in mid-sized BC cities and rural resource towns, from the Okanagan to the Kootenays. Because of this strict geographic focus, our maximum loan-to-value (LTV) for Burnaby properties is **0%**. We do not write mortgages here.

If you have clients purchasing pre-sale high-rises in Brentwood or looking to refinance a duplex near Metrotown, those files belong with prime lenders or urban-focused MICs. But when those same Burnaby clients decide to diversify their portfolios by purchasing a commercial property in the Cariboo, or need a quick equity-takeout second mortgage on an investment property in Victoria, that is where we deliver value. Keep us in mind for the files that sit outside the metropolitan core, where local knowledge and flexible private capital are actually required to get the deal across the finish line.

## Frequently asked questions

### What's your max LTV in Burnaby and why is it set there?

Our max LTV is 0.0% because we are built for small-town lending, not dense urban centers. Burnaby is already saturated with mainstream A-lenders and large-scale privates who specialize in these high-value Metro Vancouver deals.

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

It's a stable, highly diverse urban economy powered by tech, education, and services rather than resources. While this makes the real estate highly reliable, it also means you'll have to fund it through mainstream channels as we don't compete in this space.

### What would sink a deal here?

Simply being located in Burnaby will sink the deal, as we have a hard pass on the Metro Vancouver area. We are 'the MIC for towns without stoplights,' so if your deal is in Burnaby, you'll need to look elsewhere.


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*Plain-markdown copy for LLM/agent use. Canonical page: https://tekfund.ca/communities/burnaby*
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