Campbell River calls itself the “Salmon Capital of the World,” and when you’re dealing with Chinook salmon weighing 70+ pounds, that’s not just marketing fluff. This Vancouver Island community of 35,500 sits where the Campbell River meets Discovery Passage, creating the kind of tidal mixing that draws massive salmon runs—and the anglers who chase them.
The fishing reputation runs deeper than tourism brochures suggest. Campbell River pioneered saltwater sport fishing techniques still used globally, and its guides have been passing down knowledge for generations. Tyee salmon over 30 pounds are so common here they named a fishing club after them, complete with strict rules about using only bamboo rods and silk lines.
What makes Campbell River particularly interesting for mortgage professionals is its economic evolution. While forestry and fishing remain important (7.7% of employment), healthcare now dominates at 16.8%, reflecting the community’s role as a regional service hub for northern Vancouver Island. The median age of 48 years tells the story—this isn’t a resource town watching young people leave. It’s attracting equity-rich retirees drawn by world-class fishing, marine wildlife tours, and that small-town Vancouver Island lifestyle.
The housing market reflects this stability. Single-detached homes make up 60.8% of dwellings, with a healthy mix of apartments and row houses serving different demographics. The $78,000 median household income might seem modest, but remember—many residents here prioritize lifestyle over maximizing earnings, and property values reflect the desirability of island living.
Tekamar offers 65% maximum LTV in Campbell River, recognizing the community’s strong resale appeal and diverse economic base. The combination of natural beauty, recreational opportunities, and regional service role creates the kind of lasting demand that protects mortgage investments, even when resource industries face headwinds.
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Our Mortgage Products Available in Campbell River
| Mortgage Product Name | Max LTV | Key Notes for Campbell River |
|---|---|---|
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 65.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 65.0% | Standard product terms |
| Equity Lending | 65.0% | Standard product terms |
| Purchases | 65.0% | Standard product terms |
Detailed Mortgage Product Information
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Campbell River:
65.0 %
“Their credit report reads like a horror novel, but the house was just renovated and is worth a lot…”
Here’s what happens when life takes a wrong turn. A bad business venture. Workplace Injury. That divorce that dragged on for two years. Suddenly your credit score looks like a batting average and the banks won’t even return your calls.
But here’s the thing – none of that changes what your ho...
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in Campbell River:
65.0 %
“Their income is all over the map, but there’s definitely income…”
Here’s a funny thing about lending based on Line 15000 of your Notice of Assessment: It’s a neat little box to underwrite against. Works great if you’re a salaried employee. Not so great if you’re running a fishing charter in Campbell River where thres fishing season, and the rest of the year.
We get it. Income isn’t always ti...
Bare Land and Unique Properties
Maximum Loan-to-Value (LTV) for Bare Land and Unique Properties in Campbell River:
65.0 %
“The appraisal came back as ‘property type: other’…”
Here’s a truth about real estate that nobody wants to admit: not everything fits in a box. Banks have boxes. Nice, tidy boxes labeled “single family home” and “condo” and “townhouse.” Their computer systems literally don’t have a dropdown menu option for “converted church with commercial kitchen” or “geodesic dome on 40 acres.”
We’ve funded...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Campbell River:
65.0 %
“Subjects came off their current home last week but their new place closes Friday…”
Here’s a funny thing about bridge financing: everyone thinks it’s complicated. It’s not. Someone needs to close on their new house before their old house sells. Or their sale fell through after they removed subjects on their dream home. Or they found the perfect downsizer condo but haven’t listed the family hom...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Campbell River:
65.0 %
“They have tons of equity but don’t qualify under B20…”
Here’s the thing about equity lending: it exists because banks literally can’t do it. B20 guidelines require income verification. Full stop. No wiggle room. No common sense exceptions.
We’re provincially regulated. The funds we lend on come from individual investors, not the Bank of Canada. So when your client has 50% equity but their in...
Purchases
Maximum Loan-to-Value (LTV) for Purchases in Campbell River:
65.0 %
Moving is supposed to be exciting. New town, new job, new chapter. So why do banks act like you’re asking for their firstborn when you need a mortgage?
“You haven’t been at your new job for thre months”
“Your self-employment income doesn’t count in a new market.”
“We need to see established a year if you are part time contract - even if you’re working 40 hours under your new role”
Meanwhile...