Colwood

Let’s talk about Colwood, British Columbia—a gem on Vancouver Island that’s catching the eye of homeowners and investors alike. Nestled just west of Victoria, this growing community offers a blend of small-town charm and big-city access, with oceanfront views and parks that make you want to lace up your hiking boots on the weekend. But beyond the postcard-worthy scenery, Colwood has some serious appeal from a real estate and mortgage perspective, and at Tekamar Mortgage Fund, we’re excited to lend here with a maximum loan-to-value (LTV) of 70%.

What sets Colwood apart? For starters, it’s got a unique vibe compared to other BC spots. You’re not in the hustle of Vancouver or even the tourist-heavy heart of Victoria. Instead, you get a quieter, family-friendly feel with places like Esquimalt Lagoon, where locals flock for birdwatching or a peaceful paddle. It’s also a retiree haven, thanks to a mild climate—think Plant Hardiness Zone 9a, perfect for gardening year-round. That demographic mix, with a solid chunk of seniors and working-age folks, creates a stable demand for housing. For mortgage brokers, this means deals in Colwood often have strong resale potential, even if the market softens. And for borrowers, it’s a place where equity can grow steadily, especially if you’re eyeing a fixer-upper near the water.

Housing here leans toward single-detached homes—about half the market—with a good mix of duplexes and row houses for those looking at more affordable entry points. That variety is a goldmine for creative financing. At Tekamar, we love seeing deals where borrowers need a non-income-qualifying loan or a second mortgage to make their dream home happen in a spot like Colwood. Brokers, if you’ve got a client who’s been turned down by the big banks due to credit hiccups or odd property types, give us a call—we specialize in equity lending with a clear exit strategy in mind.

Another reason we’re bullish on Colwood? Economic diversity. With public administration, healthcare, and retail as top industries, the local job market isn’t tied to just one shaky sector. Plus, being a stone’s throw from Victoria means access to even more opportunities without the sticker shock of downtown prices. For borrowers, that stability can be a lifeline when planning long-term affordability. Brokers, it’s worth noting that our sweet spot is keeping LTVs around 60% in most areas, but in desirable spots like Colwood, we’ll stretch to 70% if the deal checks out—low risk, quick exit potential, you know the drill.

Here’s the kicker: Colwood’s growth—over 12% since 2016—shows it’s not standing still. New developments are popping up, yet it retains that tight-knit feel. Whether you’re a borrower looking to settle near Royal Roads University for its stunning campus views or a broker scouting the next hot market for clients, Colwood delivers. At Tekamar, our tagline is “We’ll lend where other MICs won’t,” and we mean it. We’re not chasing Vancouver’s overcooked market; we’re here for communities like this one. So, let’s talk—bring us your deals, and let’s make homeownership happen where the ocean meets opportunity.