North Cowichan

Let’s talk about North Cowichan, British Columbia—a place that’s quietly carving out its own identity on Vancouver Island. Nestled just north of Duncan, this community isn’t chasing the hustle of bigger cities like Victoria or Vancouver. Instead, it offers a slower, more grounded lifestyle with some serious appeal for anyone eyeing real estate or mortgage opportunities. And here at Tekamar Mortgage Fund, with our tagline “We’ll lend where other MICs won’t,” we’re excited to be part of the story in towns like this.

What makes North Cowichan stand out? For starters, it’s got a climate that’s practically a love letter to gardeners and outdoor enthusiasts. Sitting in Plant Hardiness Zone 8b, the warm weather and extended growing season mean you can cultivate just about anything—think lush vineyards and tender plants that wouldn’t survive elsewhere in BC. Heck, the region’s even got a wine-producing designation, with spots like the Cowichan Valley wineries drawing visitors year-round. That’s not just a fun fact; it’s a signal of lifestyle value that keeps property demand steady, even when markets wobble. For borrowers looking to settle into a unique home here, that’s a big plus. And for brokers? It means resale potential is solid, which matters when you’re structuring a deal with a safe exit in mind.

From a mortgage perspective, North Cowichan checks a lot of boxes. The housing mix leans heavily toward single-detached homes—over 60% of dwellings—which tells you this is a place for families and retirees wanting space, not shoebox condos. With a median age of 51 and nearly 29% of the population over 65, it’s clear this community appeals to those seeking a quieter pace, often with equity to tap into. That’s where we come in at Tekamar. We specialize in equity lending for folks who might not pass the strict income or credit tests at traditional banks. Got a client with a solid property but a bumpy credit history? We’re happy to look at deals in North Cowichan with a maximum loan-to-value (LTV) of 70%, though we often target lower for added safety. Borrowers, if you’re in a non-qualifying situation, give us a shout through your broker—we love finding solutions where others see roadblocks.

Economically, this place isn’t riding the rollercoaster of a single industry. Health care, retail, and construction lead the way, providing a diversified base that’s less likely to tank if one sector stumbles. That stability matters when we’re assessing risk on a mortgage file. Plus, with local gems like Mount Tzouhalem offering killer hiking trails and panoramic views, the lifestyle pull keeps drawing people in. It’s not just about numbers; it’s about a community that feels like a hidden treasure. For brokers sending us deals, that desirability translates to confidence in a property’s long-term value. And borrowers, it means you’re investing in a home that’s more than just four walls—it’s a slice of something special.

Here’s the bottom line: North Cowichan isn’t trying to be the next big thing, and that’s its strength. It’s a stable, livable spot with unique charm and solid real estate potential. At Tekamar, we’re all about lending in towns like this—places other MICs might overlook. Whether you’re a broker with a tricky file or a borrower needing a creative solution, let’s talk. We’ve got over 20 years of experience, a knack for low LTV safety, and a genuine interest in making deals work where others won’t. North Cowichan’s on our map—let’s put it on yours too.