City of North Vancouver

City of North Vancouver sits in that sweet spot where urban sophistication meets wilderness adventure, and frankly, it’s created one of BC’s most desirable real estate markets. With a 0% maximum LTV, we don’t lend here — and there’s a good reason why this community falls outside our lending territory.

The numbers tell the story of a premium market: median household income hits $123,000, well above provincial averages, while 54% of residents hold bachelor’s degrees or higher. Nearly half the housing stock consists of single-detached homes, with another 18% being duplexes, creating a stable ownership base that values long-term investment over quick turnover.

What sets North Vancouver apart isn’t just the postcard views of Burrard Inlet or the fact that you can hike the Grouse Grind before work. It’s the unique geography that creates scarcity — hemmed in by mountains and water, there’s simply nowhere left to build significant new supply. This natural constraint has created a market where properties hold value even during broader economic uncertainty.

The city’s transformation from industrial waterfront to lifestyle destination accelerated with developments like Lonsdale Quay and the SeaBus connection, turning what was once Vancouver’s working-class neighbor into a sought-after address for professionals who want mountain biking trails in their backyard and downtown Vancouver just 12 minutes away by transit.

Professional services dominate the employment landscape at 16.1%, followed by healthcare at 11.1% — industries that weather economic storms better than resource extraction or manufacturing. The 25.5-minute average commute reflects the reality that many residents work across the inlet while choosing to live where they can see eagles from their kitchen windows.

For mortgage brokers, North Vancouver represents the kind of market where equity accumulates quickly but lending opportunities require different approaches than our typical small-town focus.