Lumby

Let’s talk about Lumby, British Columbia—a small town in the North Okanagan that’s got more going for it than you might expect at first glance. Nestled between Vernon and the Monashee Mountains, this isn’t just another sleepy spot. It’s a place where rural charm meets real potential, especially if you’re a mortgage broker hunting for unique opportunities or a borrower looking for a lender who gets small-town dynamics. And at Tekamar Mortgage Fund, we’re all about spotting potential where others might not look twice.

What makes Lumby stand out? For starters, it’s got a tight-knit vibe with just over 2,000 folks calling it home. But don’t let the size fool you—there’s been steady growth here, over 12% since 2016. That’s a signal of a community on the up, even if it’s not making headlines. From a real estate lens, the housing mix leans heavily toward single-detached homes—about two-thirds of the market—which tells you this is a place for families or retirees wanting space, not high-rises. For brokers, that means deals here often involve straightforward residential properties, perfect for equity lending. And borrowers? If you’ve got a home in Lumby and need a lender who isn’t scared off by “small town,” we’ve got your back.

Now, let’s get practical. At Tekamar, we’re not like most BC Mortgage Investment Corporations that 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. Lumby fits right into our sweet spot. We’re happy to consider deals here with a maximum loan-to-value (LTV) of 60%. Why cap it there? Simple: smaller markets like this can take longer to sell in a worst-case scenario like foreclosure. We factor in how long it might take to recover funds, plus interest piling up during the process. It’s not about doubting Lumby—it’s about protecting our investors, who are all friends and family. Brokers, that means we’re a safe bet for your clients’ deals. Borrowers, it means we’re upfront about keeping risks low while still saying “yes” where banks might not.

Lumby’s appeal isn’t just numbers—it’s lifestyle. Picture the annual Lumby Days festival, a local tradition that pulls the whole town together for logging sports and community fun. Or think about the proximity to Mabel Lake, a hidden gem for fishing and camping. These aren’t just cute details; they’re why people stay or move here, even if amenities are limited compared to a Vernon or Kelowna. For real estate, that translates to a niche but loyal buyer pool—something we weigh when assessing a deal’s exit strategy. Can we refinance or sell if needed? In Lumby, with the right LTV, the answer’s often yes.

Economically, Lumby’s got a mixed bag. Construction and healthcare lead the job scene, but unemployment’s a bit high, and incomes aren’t breaking records. That’s a heads-up for brokers: clients here might not qualify for traditional loans due to credit or income hiccups, making our equity lending a perfect fit. Borrowers, if a bank turned you down, talk to your broker about us—we focus on the value of your property, not just your pay stub.

So, whether you’re a broker with a deal in hand or a homeowner needing a creative solution, Lumby’s on our radar at Tekamar. We’re not chasing big-city flash. We’re here for towns like this—places with heart, potential, and a story worth investing in. Got a deal? Let’s chat.