Port Moody

Let’s talk about Port Moody, British Columbia—a gem tucked into the edge of Burrard Inlet that’s got a lot going for it, even if it’s not on our lending map at Tekamar Mortgage Fund. I’ve driven through this place on a sunny afternoon, and trust me, the views from Rocky Point Park can make you forget about mortgage rates for a minute. But let’s get down to brass tacks: why should mortgage brokers and borrowers care about Port Moody, and what makes it stand out in a province full of pretty towns?

First off, Port Moody has a vibe that’s hard to replicate. It’s got that small-town charm with a population just over 33,000, yet it’s close enough to Vancouver to feel connected without the chaos of big-city living. The housing mix here is intriguing—about 30% single-detached homes, a good chunk of low-rise apartments, and a surprising number of row houses. For brokers scoping out deals, this diversity means a range of client needs, from first-time buyers to retirees downsizing. And for borrowers, it’s a market where you might find something unique, whether you’re eyeing equity lending or a non-traditional property that banks shy away from.

What really sets Port Moody apart is its lifestyle appeal. With access to the Inlet for kayaking and trails for hiking, plus events like the Port Moody Ribfest (yes, it’s a real thing and worth the trip), it’s a draw for folks who want more than just a roof over their heads. From a real estate perspective, this “lifestyle premium” can bolster property values, even in a softer market. For a broker, that’s a selling point to pitch to lenders. For a borrower, it’s a reason to dig into alternative financing options if the big banks don’t see the potential in your dream home here.

Economically, Port Moody isn’t a one-trick pony. Professional services and healthcare lead the job market, with retail and construction rounding things out. That diversity offers some stability—important when you’re assessing risk on a mortgage application. As a lender, I’ve seen how towns reliant on a single industry can tank fast if that sector stumbles. Port Moody’s spread of employment reduces that worry a bit. Brokers, this means your clients here might have more consistent income streams to pitch. Borrowers, it’s a reminder that local job security can help your case with alternative lenders like us, even if we’re not active in this specific spot.

Now, a quick note on our stance at Tekamar Mortgage Fund. We’re all about lending where others won’t—think smaller BC towns or bigger centers like Kelowna with low loan-to-value ratios (max 70%, but we prefer 60%). Sadly, Port Moody doesn’t fit our niche with a 0% LTV cap. We’ve got nothing against this awesome community; it’s just that other lenders know the Metro Vancouver area better than we do. For brokers, keep us in mind for deals outside Greater Vancouver—our sweet spot is equity lending with a clear exit strategy. And borrowers, if you’re in a quirky spot elsewhere in BC with a solid property but shaky credit, give us a shout through your broker.

Port Moody’s a standout for its balance of nature, community, and proximity. It’s not just another suburb—it’s a place people choose for a reason. While we can’t lend here, we’re rooting for your deals to close smoothly with someone who can. Got a deal in a quieter corner of BC? That’s where Tekamar shines. Let’s talk.