Port McNeill sits at the crossroads of industry and wilderness on northern Vancouver Island, where logging trucks share roads with whale-watching tour buses. This town of 2,356 people has mastered the art of balancing resource extraction with eco-tourism, creating an economy that’s both rugged and surprisingly sophisticated.
The numbers tell an interesting story here. With forestry, fishing, and hunting employing nearly one in five residents, Port McNeill maintains its resource town DNA while diversifying into tourism and services. The median household income of $87,000 reflects this economic mix—higher than many small BC communities but grounded in the realities of resource-dependent work cycles.
What sets Port McNeill apart is its position as the gateway to some of BC’s most spectacular marine wilderness. Telegraph Cove, just minutes away, draws visitors from around the world for orca watching and sea kayaking adventures. This proximity creates a unique real estate dynamic where properties serve both as homes for local workers and as launching pads for outdoor enthusiasts seeking authentic coastal experiences.
The housing market here is refreshingly straightforward—nearly 72% single-family homes in a community where everyone knows their neighbors. Property values benefit from the town’s strategic location and natural amenities, though the smaller buyer pool means transactions require patience and realistic pricing.
For mortgage brokers working with clients who value outdoor access over urban amenities, Port McNeill presents compelling opportunities. Whether it’s a forestry worker buying their first home or a semi-retired couple seeking adventure-based living, the town attracts people who understand the trade-offs of small-town life and embrace them.
Tekamar lends in Port McNeill with a maximum LTV of 55%, reflecting both the community’s remote location and the time required for property transactions in specialized markets like this one.
the Nearest Tim Hortons
the Nearest Costco
Our Mortgage Products Available in Port McNeill
| Mortgage Product Name | Max LTV | Key Notes for Port McNeill |
|---|---|---|
| Bare Land and Unique Properties | 55.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 55.0% | Standard product terms |
| Equity Lending | 55.0% | Standard product terms |
| Purchases | 55.0% | Standard product terms |
Detailed Mortgage Product Information
Bare Land and Unique Properties
Maximum Loan-to-Value (LTV) for Bare Land and Unique Properties in Port McNeill:
55.0 %
“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 Port McNeill:
55.0 %
“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...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Port McNeill:
55.0 %
“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 Port McNeill:
55.0 %
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...