Esquimalt

Ever driven through a place and thought, “Huh, this feels like a hidden gem”? That’s Esquimalt, British Columbia, in a nutshell. Tucked just west of Victoria, this coastal community packs a surprising punch for its modest size. It’s not just another suburb; it’s a spot with character, history, and—most importantly for us at Tekamar Mortgage Fund—some solid real estate potential. Let’s dive into why Esquimalt stands out, especially if you’re a borrower hunting for financing or a mortgage broker scouting unique lending opportunities.

First off, Esquimalt has a vibe that’s hard to replicate. With its naval history tied to CFB Esquimalt, Canada’s Pacific naval base, there’s a deep-rooted sense of community here. You’ve got the stunning views along the Gorge Waterway and easy access to the Galloping Goose Trail for biking or walking off a tough day. It’s no wonder this place appeals to everyone from young families to retirees. For borrowers, this lifestyle draw means properties often hold value well, even when markets wobble. And brokers? You’ll appreciate knowing that resale potential in a spot like this gives an extra layer of security for deals.

From a housing perspective, Esquimalt isn’t your cookie-cutter neighborhood. Nearly half the dwellings here are apartments under five storeys, with a decent mix of single-detached homes and duplexes. This variety means there’s something for different budgets and needs—perfect if you’re a borrower looking to buy or refinance something a bit off the beaten path. For mortgage brokers, this diversity opens doors to creative deals, especially since we at Tekamar are game for equity lending on non-standard properties. Just keep in mind our max loan-to-value (LTV) here is 70%, though we often aim lower depending on the deal’s risk profile—think construction or second mortgages.

What sets Esquimalt apart economically is its stability. With public administration making up over 20% of local jobs thanks to the naval base and government ties, plus a strong health care sector, there’s a resilience here you don’t always see in smaller towns. Add to that the proximity to Victoria for bigger-city amenities, and you’ve got a market with legs. Borrowers, this means you’re less likely to be stuck if life throws a curveball. Brokers, it’s a heads-up that exit strategies—key for us at Tekamar—look pretty solid here, whether it’s a refinance or resale down the line.

Here’s the Tekamar twist: while plenty of MICs chase deals in Vancouver or the Fraser Valley, we’re all about places like Esquimalt. Our tagline, “We’ll lend where other MICs won’t,” isn’t just a catchy phrase—it’s how we roll. Founded over 20 years ago, we’ve got the experience to assess risk in communities others might overlook, keeping our friends-and-family investors’ capital safe with low LTVs and clear exits. If you’re a borrower with equity but maybe not the credit or income for a bank, we’re listening. And brokers, if you’ve got a deal in Esquimalt or beyond (outside Greater Vancouver, of course), give us a shout—we’re building a network of partners like you.

Esquimalt’s mild climate—Zone 9a, if you’re into gardening—only sweetens the deal. It’s the kind of place where you can grow something rare and still be a stone’s throw from urban life. So, whether you’re eyeing a fixer-upper near the water or brokering a unique file, let’s talk. Esquimalt’s got the goods, and Tekamar’s got the funding to match.