City of North Vancouver

If you’ve ever driven across the Lions Gate Bridge and caught that first glimpse of the North Shore mountains, you know the City of North Vancouver has a pull that’s hard to shake. It’s not just the postcard-worthy views or the salty breeze off Burrard Inlet—it’s a place where lifestyle and real estate dreams collide. But let’s get real: as much as we at Tekamar Mortgage Fund admire this gem of a city, we’ve got to be upfront about where we lend. Spoiler alert: it’s not here. Stick with me, though, because whether you’re a mortgage broker hunting for the right lender or a borrower eyeing a unique property, there’s plenty to learn about this market and how we can help elsewhere.

What sets the City of North Vancouver apart in the BC real estate game? For starters, it’s got a vibe that balances urban energy with outdoor escape. You’re a stone’s throw from downtown Vancouver, yet you’ve got trails like the Grouse Grind practically in your backyard. That mix draws everyone from young professionals to retirees looking for a slower pace with killer scenery. From a mortgage perspective, this means properties here often sell fast, even in tougher markets. The desirability factor—think waterfront access and spots like Lonsdale Quay with its bustling market and eateries—keeps demand high. For brokers, that’s a signal of low risk in terms of resale. For borrowers, it means equity in a home here can be a solid long-term play, even if financing options need some creativity.

Now, let’s talk housing. Over half the homes here are single-detached, which is a bit of a unicorn in a region where density often rules. But you’ve also got a healthy mix of duplexes and low-rise apartments, catering to a range of buyers. With a median household income north of $120,000, this isn’t a struggling market—people have the means to invest in property. That’s gold for mortgage brokers looking at client profiles, and for borrowers, it’s a reminder that building equity in a place like this can open doors down the road. The catch? High demand often means high prices, and that’s where alternative lenders usually step in. Except, not us—not here.

Here’s the deal: at Tekamar Mortgage Fund, our tagline is “We’ll lend where other MICs won’t,” and we mean it. We’ve carved out a niche focusing on smaller towns and larger centers outside the Greater Vancouver Area. Think Vernon, Kelowna, or Victoria, where we target a safe loan-to-value ratio of around 60%, maxing out at 70% in select spots. But in the City of North Vancouver? Our maximum LTV is 0%. It’s not personal—this is an incredible place with a strong market. We just know other lenders have this area covered better than we do. For brokers, that means we’re your go-to for deals in less-served BC communities. And borrowers, if your dream property lies elsewhere in the province, give us a shout—we specialize in equity lending and creative solutions like credit repair or bridge loans.

So, while we’re not playing in North Van’s sandbox, we’re cheering from the sidelines. This city’s blend of lifestyle and economic stability makes it a standout. But if your next deal or dream home is in a quieter corner of BC, Tekamar’s got your back. Let’s talk about where we can make things happen.