Peachland sits on Okanagan Lake’s western shore, where the stunning lakefront views come with equally stunning property values. This community of nearly 6,000 residents has mastered the art of retirement living—with a median age of 60 and over a third of residents being seniors, it’s essentially become the Okanagan’s answer to Florida.
The numbers tell a compelling story for mortgage professionals. Single-detached homes dominate at 69% of the housing stock, perfect for the equity-rich retirees who’ve discovered this lakeside gem. These aren’t starter-home buyers scrambling for financing—they’re established purchasers who often need 65% LTV bridge loans or equity-based solutions while transitioning from their previous homes.
Peachland’s economic reality is refreshingly honest. Yes, unemployment sits at 10.8%, but that’s partly because many residents don’t need to work. The median household income of $81,000 combined with the demographic profile suggests significant retirement and investment income. Retail trade leads employment at 13%, followed by construction at 12.6%—both indicators of a community where people spend money and improve properties.
The climate data reveals something fascinating: Peachland has literally gotten warmer over the decades, improving from zone 6a to an even better growing climate. This isn’t just good for the famous peach orchards that gave the town its name—it’s created year-round appeal for buyers who might have once considered this purely seasonal.
For brokers working with clients eyeing Okanagan lifestyle properties, Peachland represents the sweet spot between Kelowna’s urban intensity and smaller lake communities with limited services. The 16-kilometer lakefront offers everything from beaches to the famous Peachland Zipline, while proximity to Kelowna provides urban amenities when needed.
The real opportunity here lies in serving clients who’ve built equity elsewhere and want to cash in on the Okanagan dream. These transactions often require creative financing solutions that traditional lenders struggle with—exactly where Tekamar’s equity-focused approach shines.
Nearest Hospital
Our Mortgage Products Available in Peachland
| Mortgage Product Name | Max LTV | Key Notes for Peachland |
|---|---|---|
| Construction Mortgages | 65.0% | Standard product terms |
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 65.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 65.0% | Standard product terms |
| Commercial | 60.0% | Standard product terms |
| Equity Lending | 65.0% | Standard product terms |
| Purchases | 65.0% | Standard product terms |
Detailed Mortgage Product Information
Construction Mortgages
Maximum Loan-to-Value (LTV) for Construction Mortgages in Peachland:
65.0 %
“Wait, you’re a MIC that actually does construction?”
Here’s something that makes brokers do a double-take. Yes, we do construction mortgages. No, that’s not a typo.
But before you start sending us your client with the 580 credit score who wants to build their dream home, let’s be clear: these aren’t your typical MIC deals. We only do construction for bankable clients. People the banks would ...
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Peachland:
65.0 %
“Their credit report reads like a horror novel, but the house was just renovated and is worth a lot…”
Here’s what happens when life takes a wrong turn. A bad business venture. Workplace Injury. That divorce that dragged on for two years. Suddenly your credit score looks like a batting average and the banks won’t even return your calls.
But here’s the thing – none of that changes what your ho...
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in Peachland:
65.0 %
“Their income is all over the map, but there’s definitely income…”
Here’s a funny thing about lending based on Line 15000 of your Notice of Assessment: It’s a neat little box to underwrite against. Works great if you’re a salaried employee. Not so great if you’re running a fishing charter in Campbell River where thres fishing season, and the rest of the year.
We get it. Income isn’t always ti...
Bare Land and Unique Properties
Maximum Loan-to-Value (LTV) for Bare Land and Unique Properties in Peachland:
65.0 %
“The appraisal came back as ‘property type: other’…”
Here’s a truth about real estate that nobody wants to admit: not everything fits in a box. Banks have boxes. Nice, tidy boxes labeled “single family home” and “condo” and “townhouse.” Their computer systems literally don’t have a dropdown menu option for “converted church with commercial kitchen” or “geodesic dome on 40 acres.”
We’ve funded...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Peachland:
65.0 %
“Subjects came off their current home last week but their new place closes Friday…”
Here’s a funny thing about bridge financing: everyone thinks it’s complicated. It’s not. Someone needs to close on their new house before their old house sells. Or their sale fell through after they removed subjects on their dream home. Or they found the perfect downsizer condo but haven’t listed the family hom...
Commercial
Maximum Loan-to-Value (LTV) for Commercial in Peachland:
60.0 %
“We need a commercial mortgage, but we’re in Fort St. James…”
Here’s the thing about being a MIC that lends in tiny towns: sometimes commercial comes with the territory. The general store that’s been there since 1952. The six-plex that passes for high-density housing in Vanderhoof. The campground that’s also someone’s retirement plan.
We’re not going to pretend we love commercial lending. We ...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Peachland:
65.0 %
“They have tons of equity but don’t qualify under B20…”
Here’s the thing about equity lending: it exists because banks literally can’t do it. B20 guidelines require income verification. Full stop. No wiggle room. No common sense exceptions.
We’re provincially regulated. The funds we lend on come from individual investors, not the Bank of Canada. So when your client has 50% equity but their in...
Purchases
Maximum Loan-to-Value (LTV) for Purchases in Peachland:
65.0 %
Moving is supposed to be exciting. New town, new job, new chapter. So why do banks act like you’re asking for their firstborn when you need a mortgage?
“You haven’t been at your new job for thre months”
“Your self-employment income doesn’t count in a new market.”
“We need to see established a year if you are part time contract - even if you’re working 40 hours under your new role”
Meanwhile...