Port Clements

If you’ve ever driven through the misty landscapes of Haida Gwaii, you’ve likely stumbled upon Port Clements—a tiny gem of a village with just over 300 souls calling it home. Nestled on the east coast of Graham Island, this isn’t your typical BC small town. It’s a place where the forest meets the sea, where logging history runs deep, and where the pace of life feels like a deliberate exhale. For mortgage brokers and borrowers alike, Port Clements offers a unique backdrop for real estate deals, and at Tekamar Mortgage Fund, we’re intrigued by the opportunities in places just like this.

What sets Port Clements apart? For starters, it’s often called the gateway to Haida Gwaii, a region steeped in cultural richness and jaw-dropping natural beauty. Think ancient totem poles and endless hiking trails—specific spots like the Golden Spruce Trail pay homage to local lore and draw a niche crowd of lifestyle buyers seeking solitude over suburbs. But let’s be real: this isn’t Whistler. Its remote location means broader demand for vacation homes or retiree properties is limited. Still, for the right buyer, it’s a slice of paradise. And for brokers, that means finding lenders like us who get the quirks of these off-the-beaten-path markets.

From a real estate perspective, the housing stock here tells a story. Over 80% of dwellings are single-detached homes, with a smattering of movable dwellings thrown in for good measure. That’s a signal to borrowers looking for equity lending or non-traditional properties—Port Clements might have what you need, even if it doesn’t fit the cookie-cutter mold of a bank’s checklist. For mortgage brokers, this is where Tekamar shines. We’re not scared off by “odd” properties or bare land deals. With a maximum loan-to-value (LTV) of 50% in Port Clements, we’re cautious but open, focusing on low-risk equity lending with a clear exit strategy in sight.

Economically, the village leans heavily on forestry—nearly half the workforce is tied to it. That’s a double-edged sword. It’s a stable industry for now, but any hiccup in the market could ripple through the community. As lenders, we factor this into our risk assessment, ensuring we protect our investors (all friends and family, by the way) while still saying “yes” where others might hesitate. Borrowers, if you’ve got solid equity but your income or credit doesn’t check every box, talk to your broker about us. Brokers, if you’ve got a deal in a place like this, give us a call—we’re your MIC for towns without stoplights.

Port Clements also boasts a warm climate for its latitude, with an extended growing season that’s a quiet draw for those wanting to live off the land. It’s not just about pretty views; it’s about lifestyle. But lending here requires a sharp eye. We dig into how long it might take to recover funds in a worst-case scenario—think foreclosure or other curveballs—while interest ticks away. That’s why our sweet spot is a conservative LTV, often below our 50% max, depending on the deal.

So, whether you’re a borrower dreaming of a quiet life in Haida Gwaii or a broker hunting for a lender who’ll look at deals in BC’s smaller corners, Port Clements is worth a closer peek. At Tekamar, we’re all about lending where others won’t. Got a deal? Let’s chat.