Duncan

I’ve driven through Duncan more times than I can count, usually on my way up or down Vancouver Island, and every time, I’m struck by the same thought: this little town has a vibe all its own. Nestled in the Cowichan Valley, Duncan isn’t just another stop along the Trans-Canada Highway—it’s a place with character, history, and a surprising amount of appeal for anyone in the mortgage or real estate game. Whether you’re a borrower looking for a unique spot to call home or a mortgage broker hunting for a lender who gets small-town dynamics, let’s talk about why Duncan should be on your radar.

First off, Duncan’s got a nickname that sticks: the “City of Totems.” With over 40 totem poles scattered throughout the downtown core, it’s a cultural gem that reflects deep Indigenous heritage. Walk around and you’ll see these towering works of art, each telling a story. For borrowers, this kind of local pride translates into a tight-knit community—one that values its roots and often stays put, which can mean more stable property values over time. And for brokers, that stability is a key selling point when pitching a deal in a smaller market like this to a lender like us at Tekamar Mortgage Fund.

What makes Duncan stand out from other BC towns? It’s the sweet spot between rural charm and accessibility. Just 45 km north of Victoria, you’re close enough to the big city for a day trip but far enough to enjoy a quieter, more affordable lifestyle. The climate here is a bonus too—rated Zone 9a for plant hardiness, it’s one of the warmest spots on the Island. Think extended growing seasons and mild winters. That’s a draw for retirees (who make up a hefty chunk of the population) and anyone craving a slower pace. From a lending perspective, this lifestyle appeal supports demand for properties, even when broader markets wobble.

Now, let’s get practical. At Tekamar, we’re not like most MICs who stick to Vancouver or the Fraser Valley. Our tagline, “We’ll lend where other MICs won’t,” isn’t just a catchy phrase—it’s our mission. Duncan fits our sweet spot perfectly. We’re happy to consider deals here with a maximum loan-to-value (LTV) of 65%, though we often target lower based on the specifics of the deal—think construction loans or second mortgages. For borrowers, this means if you’ve got equity in a Duncan property but don’t quite qualify under traditional bank rules, we’re a solid option to explore. And brokers? If your client’s deal has a clear exit strategy, give us a call—we love digging into these kinds of opportunities.

A quick heads-up on the local market: Duncan’s housing mix leans heavily on single-detached homes and low-rise apartments, which tells me there’s a balance of options for families and downsizers alike. But with a median household income on the lower side and unemployment higher than some nearby areas, we’re extra cautious about risk. That’s why we stick to equity lending with a sharp eye on how quickly we could recover funds if things go south. It’s not about doubting Duncan—it’s about protecting our investors, who are all friends and family.

So, whether you’re eyeing a quirky fixer-upper near the Cowichan River or brokering a deal for a client who’s fallen for Duncan’s charm, know that Tekamar’s got your back. Small towns like this are our bread and butter, and we’re ready to make deals happen where others might hesitate. Got a question or a deal in mind? Let’s chat—Duncan’s got potential, and we’re here to help unlock it.