North Saanich

So, let’s talk about North Saanich, British Columbia—a place that’s quietly carving out its own space on Vancouver Island. It’s not just another suburb of Victoria, nor is it some far-flung rural outpost. North Saanich strikes a unique balance: think rural charm with ocean views, a mild climate, and just enough proximity to urban amenities to keep things convenient. For mortgage brokers and borrowers alike, this community offers some intriguing opportunities, especially if you’re working with a lender like us at Tekamar Mortgage Fund who’s willing to dig into the less-trodden paths of BC.

What sets North Saanich apart? For starters, it’s got a lifestyle appeal that’s hard to beat. We’re talking about a place where you can wake up to the sound of waves, stroll through local farms, or even hop on a float plane tour right from the nearby Victoria International Airport. The climate here is a gardener’s dream—Zone 9a, with warm summers and an extended growing season that’s gotten even better over the past few decades. It’s no surprise that this area draws retirees and vacation home buyers looking for a slice of paradise. For brokers, that means a steady stream of clients with equity-rich properties; for borrowers, it’s a reminder that owning here can be a solid long-term investment.

From a real estate perspective, North Saanich leans heavily on single-detached homes—nearly 80% of the housing stock. That’s a big deal for us at Tekamar because it means stable, desirable collateral. We’re comfortable lending up to a maximum loan-to-value (LTV) of 70% here, though we often aim lower depending on the deal—say, a second mortgage or a unique property. Our niche is equity lending, especially for folks who might not check every box for traditional bank financing but have a clear exit strategy. So, brokers, if you’ve got a client with a solid property in North Saanich who’s been turned down elsewhere, give us a call. And borrowers, if you’re sitting on equity but struggling with income qualifiers, we might just be the fit you need.

Another thing to note: North Saanich isn’t tied to one economic horse. Agriculture, tourism, and public administration keep things diverse, which lowers risk for lenders like us. Plus, being a stone’s throw from Victoria means access to jobs and stability without the big-city price tag. That’s a win for anyone looking to buy or refinance here. And let’s not forget local spots like Deep Cove, where you can grab a coffee and watch the boats bob in the marina—it’s the kind of detail that makes a property here more than just four walls and a roof.

At Tekamar, our tagline is “We’ll lend where other MICs won’t,” and North Saanich fits right into that sweet spot. We’re not chasing Vancouver or Fraser Valley deals; we thrive in communities like this one, where the market’s strong but not overheated. Brokers, if you’ve got a deal in North Saanich—maybe a credit repair case or a bridge loan—run it by us. Borrowers, if you’re looking at an odd property or need debt consolidation, we’re open to chatting. We’ve been at this for over 20 years, and we’re picky about protecting our investors’ capital, but we’re also flexible where it counts. North Saanich is just the kind of place where we can make things work.