Ladysmith sits on Vancouver Island’s east coast where the housing market defies simple categorization. With a median age of 52.8 years and nearly one-third of residents over 65, this isn’t your typical growth town—it’s something more interesting. The community attracts retirees who’ve done their homework, choosing a place where Zone 8b climate means gardening almost year-round and waterfront living doesn’t require a Vancouver-sized budget.
The numbers tell a story of careful selection rather than rapid expansion. Single-detached homes make up 67.5% of the housing stock, and with a median household income of $81,000, residents have found their sweet spot between affordability and quality of life. The town’s 100+ acres of parks and historic downtown create the kind of lasting appeal that makes properties easier to market if worst-case scenarios arise.
What sets Ladysmith apart is its position as a retirement destination with staying power. The 5.3% population growth since 2016 reflects steady, sustainable demand rather than speculative bubbles. Healthcare and retail lead the employment sectors—exactly what you’d expect in a community that’s figured out how to age gracefully while attracting newcomers seeking the same lifestyle.
The waterfront location between Nanaimo and Victoria provides access without urban chaos. Properties here appeal to buyers from across Canada who’ve discovered that island living doesn’t require sacrificing modern amenities. For mortgage brokers working with clients seeking alternatives to overpriced mainland markets, Ladysmith represents opportunity backed by genuine lifestyle appeal.
Tekamar offers up to 70% LTV in Ladysmith, recognizing the community’s solid fundamentals and marketable location. Our equity-based lending, second mortgages, and debt consolidation products serve borrowers who understand that sometimes the best financial moves happen outside traditional banking channels.
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Our Mortgage Products Available in Ladysmith
| Mortgage Product Name | Max LTV | Key Notes for Ladysmith |
|---|---|---|
| Construction Mortgages | 65.0% | Standard product terms |
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 70.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 70.0% | Standard product terms |
| Equity Lending | 70.0% | Standard product terms |
| Purchases | 70.0% | Standard product terms |
Detailed Mortgage Product Information
Construction Mortgages
Maximum Loan-to-Value (LTV) for Construction Mortgages in Ladysmith:
65.0 %
“Wait, you’re a MIC that actually does construction?”
Here’s something that makes brokers do a double-take. Yes, we do construction mortgages. No, that’s not a typo.
But before you start sending us your client with the 580 credit score who wants to build their dream home, let’s be clear: these aren’t your typical MIC deals. We only do construction for bankable clients. People the banks would ...
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Ladysmith:
65.0 %
“Their credit report reads like a horror novel, but the house was just renovated and is worth a lot…”
Here’s what happens when life takes a wrong turn. A bad business venture. Workplace Injury. That divorce that dragged on for two years. Suddenly your credit score looks like a batting average and the banks won’t even return your calls.
But here’s the thing – none of that changes what your ho...
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in Ladysmith:
70.0 %
“Their income is all over the map, but there’s definitely income…”
Here’s a funny thing about lending based on Line 15000 of your Notice of Assessment: It’s a neat little box to underwrite against. Works great if you’re a salaried employee. Not so great if you’re running a fishing charter in Campbell River where thres fishing season, and the rest of the year.
We get it. Income isn’t always ti...
Bare Land and Unique Properties
Maximum Loan-to-Value (LTV) for Bare Land and Unique Properties in Ladysmith:
65.0 %
“The appraisal came back as ‘property type: other’…”
Here’s a truth about real estate that nobody wants to admit: not everything fits in a box. Banks have boxes. Nice, tidy boxes labeled “single family home” and “condo” and “townhouse.” Their computer systems literally don’t have a dropdown menu option for “converted church with commercial kitchen” or “geodesic dome on 40 acres.”
We’ve funded...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Ladysmith:
70.0 %
“Subjects came off their current home last week but their new place closes Friday…”
Here’s a funny thing about bridge financing: everyone thinks it’s complicated. It’s not. Someone needs to close on their new house before their old house sells. Or their sale fell through after they removed subjects on their dream home. Or they found the perfect downsizer condo but haven’t listed the family hom...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Ladysmith:
70.0 %
“They have tons of equity but don’t qualify under B20…”
Here’s the thing about equity lending: it exists because banks literally can’t do it. B20 guidelines require income verification. Full stop. No wiggle room. No common sense exceptions.
We’re provincially regulated. The funds we lend on come from individual investors, not the Bank of Canada. So when your client has 50% equity but their in...
Purchases
Maximum Loan-to-Value (LTV) for Purchases in Ladysmith:
70.0 %
Moving is supposed to be exciting. New town, new job, new chapter. So why do banks act like you’re asking for their firstborn when you need a mortgage?
“You haven’t been at your new job for thre months”
“Your self-employment income doesn’t count in a new market.”
“We need to see established a year if you are part time contract - even if you’re working 40 hours under your new role”
Meanwhile...