Comox

I recently drove through Comox, British Columbia, and let me tell you, this Vancouver Island gem caught me off guard. Nestled between the ocean and the mountains, it’s got a quiet charm that’s hard to ignore. But beyond the postcard views, Comox is a place where real estate dreams—whether you’re a borrower or a broker—can take root, especially with a lender like Tekamar Mortgage Fund who’s willing to play ball where others hesitate.

What sets Comox apart from other BC communities isn’t just its stunning location. It’s got a vibe that screams “lifestyle upgrade.” Think mild winters, warm summers, and a growing season that gardeners dream about. This isn’t your typical resource-dependent small town; it’s a haven for retirees and families alike, with a median age over 50 and a solid chunk of equity-rich homeowners. For borrowers, that means properties here often have serious value to tap into for equity lending or debt consolidation. And for brokers? You’ve got a market where clients are looking for creative financing solutions—exactly the kind we specialize in at Tekamar.

Let’s talk numbers for a sec, but I’ll keep it light. Housing here leans heavily toward single-detached homes—over 65% of the market—which means plenty of solid collateral for mortgages. The community’s desirability is off the charts with local draws like the Filberg Festival, a cultural highlight that pulls in crowds every summer, and spots like Goose Spit Park for a quick dose of nature. That appeal drives steady demand, even if the median income isn’t sky-high. From a lending perspective, this stability matters. At Tekamar, we’re comfortable offering a maximum loan-to-value (LTV) of 65% in Comox, though we’ll tweak that based on the deal—be it a second mortgage or bare land. It’s a safe bet for us, given the market’s resilience and our focus on low-risk exits.

Now, why choose Comox over, say, a bigger hub like Victoria? It’s simple: less competition, more character. You’re not just buying or financing a house; you’re investing in a slower pace with big-city amenities a short drive away. For borrowers who don’t quite fit the bank’s rigid income or credit boxes, Comox is a sweet spot for equity-based lending—especially with Tekamar’s knack for seeing the potential in “odd” properties or non-traditional situations. Brokers, this is your chance to shine by bringing us deals that need a lender with flexibility and a willingness to dig into the story behind the application.

Here’s the kicker: Comox fits perfectly with Tekamar’s tagline, “We’ll lend where other MICs won’t.” Unlike many mortgage investment corporations glued to Vancouver or the Fraser Valley, we thrive in smaller markets like this one. Founded over 20 years ago, we’ve built our reputation on saying yes to deals others pass on—provided the numbers make sense for a clear exit strategy. So, whether you’re a borrower looking to unlock equity or a broker hunting for a reliable partner, Comox is on our map, and we’re ready to talk.

Drop us a line if you’ve got a deal brewing here. We’re not just crunching numbers; we’re looking to build relationships in communities like Comox that have untapped potential. Let’s make something happen.