Coldstream

Let’s talk about Coldstream, British Columbia—a place that’s quietly carving out its own identity in the Okanagan Valley. Nestled just east of Vernon, this small community of about 11,000 people packs a surprising punch for anyone eyeing real estate or mortgage opportunities. It’s not the biggest spot in BC, but its unique vibe and lifestyle perks make it a standout for both borrowers looking to plant roots and brokers hunting for the right lender to seal a deal.

What sets Coldstream apart? For starters, it’s got that rare blend of small-town charm with big-time natural beauty. You’ve got Kal Beach right on your doorstep, a local gem for lazy summer days or a quick dip after work. Then there’s proximity to Silver Star Resort, drawing in skiers and outdoor enthusiasts year-round. This isn’t just scenery—it’s a lifestyle draw that pulls in retirees, families, and lifestyle buyers. For borrowers, that means properties here often hold strong resale value. And for brokers, it’s a heads-up: deals in Coldstream can move fast if positioned right.

From a mortgage perspective, Coldstream’s housing market leans heavily on single-detached homes—over 80% of dwellings fall into this category. That’s a big deal for alternative lenders like us at Tekamar Mortgage Fund. We’re not chasing commercial or multi-family files; our sweet spot is equity lending on residential properties, especially for folks who don’t quite fit the mold for traditional bank loans due to income or credit hiccups. In Coldstream, with a maximum loan-to-value (LTV) of 65%, we’ve got room to work with borrowers on solid deals—think first or second mortgages, debt consolidation, or even oddball properties like bare land. Brokers, if you’ve got a client with a clear exit strategy for refinance down the road, let’s chat.

Another thing to chew on: Coldstream’s economy isn’t tied to just one industry. Health care, retail, and construction lead the pack, with a decent chunk of folks holding post-secondary creds. That diversity adds a layer of stability, even if the unemployment rate hovers a bit high at around 7.8%. For us, it means we’re not sweating a sudden economic nosedive when we underwrite a loan. We’re all about low-risk plays—our funds come from friends and family, so protecting principal is non-negotiable. Borrowers, if you’re in Coldstream and need a lender who gets small-town dynamics, we’re your crew. Brokers, same goes for you—bring us deals outside the Vancouver bubble, and we’ll dig in.

Here’s the kicker: unlike many MICs glued to big urban centers, Tekamar’s tagline is “We’ll lend where other MICs won’t.” Coldstream fits our niche perfectly. We shy away from Greater Vancouver and the Fraser Valley, focusing instead on smaller communities or bigger towns like Vernon and Kelowna. Our rule? If the LTV keeps us safe with a clear exit—factoring in foreclosure timelines and interest accrual—we’re game. So, whether you’re a borrower dreaming of a quiet life near Kal Beach or a broker with a unique file, Coldstream is on our map.

Bottom line, Coldstream offers more than just a pretty view. It’s a community with real estate potential, backed by lifestyle appeal and economic variety. At Tekamar, we’re ready to partner with brokers and borrowers alike to make deals happen—safely and smartly. Got a property in mind? Let’s make it work.