Parksville

Parksville proves that retirement towns can be goldmines for mortgage brokers who know where to look. With a median age of 62 and nearly half the population over 65, this isn’t your typical lending market—it’s something far more interesting.

The numbers tell a story that smart brokers recognize immediately. While most communities chase young families, Parksville attracts people who’ve spent decades building equity. They’re downsizing from larger homes, relocating from expensive markets, or purchasing vacation properties that become permanent residences. These aren’t desperate borrowers; they’re equity-rich clients who often need creative financing solutions that banks won’t touch.

Tekamar offers up to 60% LTV in Parksville, recognizing what makes this market special. The town sits on some of Vancouver Island’s most coveted coastline, with Rathtrevor Beach drawing visitors year-round to its warm, shallow waters and expansive sandy shores. Property values here aren’t driven by employment growth—they’re anchored by lifestyle appeal that doesn’t disappear during economic downturns.

Healthcare and retail dominate the local economy, creating stable employment that serves the community’s demographics perfectly. Construction ranks third among industries, reflecting ongoing development as more people discover Parksville’s appeal. The proximity to Nanaimo provides urban amenities without urban stress, while the island location creates natural scarcity that protects property values.

For brokers, Parksville represents clients who understand real estate as an asset class. They’re often dealing with estate planning, family transitions, or investment strategies that require flexible lending solutions. Bridge loans help them move quickly on desirable properties, while second mortgages unlock equity for renovations or additional purchases.

The town’s famous sand sculpting competition might seem like tourist fluff, but it represents something deeper—a community that invests in long-term appeal rather than chasing short-term trends. That stability translates directly into lending security and consistent property demand.