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A picture of the City of Coquitlam.

Coquitlam

Lending guidelines for Coquitlam, British Columbia

Max Loan To Value:
0% - Not Lending Here
Details
2021 Population
148,625
6.7% growth
Median Age
41
Median Household Income
$92,000
Land Area
122.15 Km²
1.0 people/km²
Employment Rate
59.1%
Avg Commute
33 min

Ever driven through a city that feels like it’s got one foot in the urban grind and the other in a postcard-worthy forest? That’s Coquitlam, British Columbia, for you. Nestled just east of Vancouver, this place isn’t your typical suburban sprawl—it’s a unique blend of bustling growth and natural escape, making it a hot spot for real estate dreams. Whether you’re a mortgage broker scouting for the right lender or a borrower eyeing a slice of this vibrant community, let’s dive into what makes Coquitlam stand out in BC’s crowded property landscape.

First off, Coquitlam’s got a vibe that’s hard to replicate. You’ve got the rugged beauty of Burke Mountain, a haven for mountain bikers and hikers, practically begging residents to step outside. Then there’s the cultural heartbeat at places like Lafarge Lake, where local events bring the community together under stunning mountain backdrops. It’s no surprise that lifestyle buyers—think retirees or young families—flock here for that urban-nature balance. For brokers, this means a steady stream of clients looking to plant roots in a place with strong resale potential. And for borrowers, it’s a reminder that even if financing feels tricky, the right property here could be a long-term win.

From a real estate lens, Coquitlam’s housing mix tells an interesting story. Single-detached homes dominate, but there’s a healthy chunk of apartments and duplexes too, catering to a range of budgets and life stages. That diversity is gold for mortgage brokers crafting deals for first-time buyers or investors. But here’s the kicker—while the market’s appealing, it’s also tied tightly to Metro Vancouver’s economic pulse. That 9% unemployment rate? It’s a small red flag, signaling you’ve got to dig into a borrower’s financial stability before pitching a deal. For borrowers reading this, that means having your ducks in a row—equity and a clear exit strategy can make or break your application with alternative lenders.

Now, let’s talk economics without getting bogged down in numbers. Coquitlam’s got a diversified job scene—retail, professional services, and healthcare lead the pack. That’s a buffer against the kind of single-industry crashes that can tank smaller towns. Proximity to Vancouver helps too, keeping property values resilient even when the market wobbles. For brokers, this stability is a selling point when approaching lenders. Borrowers, take note: lenders like us at Tekamar Mortgage Fund look for that kind of economic backbone, even if we adjust our risk appetite by location.

Speaking of lending, here’s the straight talk. At Tekamar, with our tagline “We’ll lend where other MICs won’t,” we’re all about finding opportunity in BC’s less-trodden paths. But—and this is important—our maximum loan-to-value (LTV) in Coquitlam is 0%. Why? It’s not that Coquitlam isn’t a gem; it’s just outside our niche. We focus on smaller towns or bigger centers like Kelowna and Vernon, where we can keep LTVs safely low, often targeting 60%. For brokers, this means steering your Coquitlam deals to other MICs while sending us your off-the-beaten-path files. And borrowers, if you’re set on Coquitlam, know there are plenty of lenders who specialize here—we’re just not one of them.

Still, Coquitlam’s worth knowing about. It’s a place where lifestyle and investment potential collide, and understanding its quirks can sharpen your real estate game. Whether you’re navigating a deal or dreaming of a home near Lafarge Lake, this city’s got a story that’s hard to ignore. Got a deal elsewhere in BC? Give us a shout at Tekamar—we’re listening.

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