Port Edward

I was scrolling through some old maps of British Columbia the other day, and I stumbled across Port Edward—a tiny coastal gem tucked up near the Alaska border. With just under 500 folks calling it home, you might think it’s too small to matter in the mortgage world. But here at Tekamar Mortgage Fund, we see places like Port Edward as hidden opportunities. Our tagline, “We’ll lend where other MICs won’t,” isn’t just a catchy phrase—it’s why we’re diving into communities like this, where natural beauty meets unique real estate potential.

Let’s talk about what makes Port Edward stand out. Nestled near Prince Rupert, this village sits on the edge of the Skeena River, surrounded by rugged mountains and endless ocean views. It’s a haven for anyone who dreams of fishing, hiking, or just escaping the grind of bigger cities. Historically, it was a cannery hub, and while that industry has faded, the charm hasn’t. Today, it’s a mix of locals in public admin and tourism jobs, plus a sprinkle of construction and transportation gigs keeping the economy ticking. For borrowers, this means a stable, if small, community to plant roots in. And for brokers? It’s a niche market where a deal on a single-detached home—about 80% of the housing stock here—could be just the right fit for the right client.

Now, let’s get practical. At Tekamar, we’re all about equity lending, especially for folks who don’t quite check the income or credit boxes at traditional banks. In Port Edward, our maximum loan-to-value (LTV) is 55%. That’s lower than our cap of 70% in bigger centers like Kelowna, but it reflects the reality of a remote spot like this. Sales can take longer if things go sideways, and we’re upfront about factoring in that risk. Our goal? Always ensure a clear exit strategy—whether that’s a future refinance or a safe recovery timeline. Borrowers, this means we’ve got your back with flexible options like credit repair or debt consolidation. Brokers, it’s a chance to bring us those unique deals on odd properties or bare land that others might shy away from.

What’s the catch with Port Edward? It’s not for everyone. Amenities are sparse, and you’re a good 50 miles from the Alaska border—remote, even by BC standards. If you’re eyeing a property here, think lifestyle over convenience. Maybe it’s a cabin near Porpoise Harbour for weekend getaways, or a fixer-upper with a view that could turn into a goldmine for the right buyer. For mortgage brokers, this is where your expertise shines—matching clients to a place like this requires knowing their dreams, not just their debt-to-income ratio.

Here’s the bottom line: Port Edward offers a slice of coastal BC that’s raw, beautiful, and off the beaten path. At Tekamar, we’re not scared off by small-town quirks. We’ve been at this for over 20 years, sourcing deals through trusted friends and family investments, and sticking to strict KYC and FINTRAC rules. So, whether you’re a borrower looking for a lender who gets “unique,” or a broker with a deal that doesn’t fit the Vancouver mold, give us a call. Port Edward might just be the start of something unexpected.