Powell River sits at the northern tip of the Sunshine Coast, accessible only by ferry or plane—a geographic quirk that’s shaped everything about this community of nearly 14,000. The isolation that once made it a company town powerhouse now creates something rarer: a place where million-dollar oceanfront views come without million-dollar price tags.
The numbers tell an interesting story. With a median age of 53.2 and nearly 31% of residents over 65, Powell River has become what demographers call an “aging in place” community. But here’s the twist—it’s not decline, it’s choice. Retirees from Vancouver and beyond discover they can afford waterfront living here, while the mild Zone 8a climate means gardening year-round and heating bills that don’t break budgets.
Healthcare dominates employment at 18.5%, followed by retail at 14.6%. The old Powell River Mill, once the world’s largest newsprint producer, still influences the local economy through manufacturing jobs, though the community has diversified significantly. Construction work represents 9.2% of employment—a sign that people are still building and renovating despite the ferry-dependent logistics.
The Sunshine Coast Trail, stretching 180 kilometers from Powell River to Langdale, draws hikers from across North America. More importantly for property values, it anchors a year-round outdoor recreation economy that supports everything from B&Bs to gear shops. The community’s cultural scene punches above its weight too, with the Powell River Film Festival and Academy of Music drawing visitors who often become residents.
Housing stock skews heavily toward single-detached homes at 72.1%, reflecting both the available land and the lifestyle preferences of residents who chose ferry access over highway convenience. With our 65% maximum LTV, Tekamar recognizes that Powell River’s unique geography creates both opportunity and complexity—properties here appreciate differently than mainland markets, but the lifestyle appeal keeps demand steady among those who value community over commute times.
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Our Mortgage Products Available in Powell River
| Mortgage Product Name | Max LTV | Key Notes for Powell River |
|---|---|---|
| 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 |
| Development/Subdivisions | 50.0% | Standard product terms |
| Equity Lending | 65.0% | Standard product terms |
| Purchases | 65.0% | Standard product terms |
Detailed Mortgage Product Information
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Powell River:
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 Powell River:
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 Powell River:
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 Powell River:
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...
Development/Subdivisions
Maximum Loan-to-Value (LTV) for Development/Subdivisions in Powell River:
50.0 %
“Got a client with subdivision dreams? Unfortunately we’ll probably say no…”
Look, we know you’ve got that client. The one with 5 acres in Kamloops who’s convinced they’re sitting on a goldmine once it’s subdivided. They’ve got the sketches. They’ve done the math. They just need a lender who “gets it.”
We get it. We just don’t do it anymore.
After 20 years of funding subdivisions across rura...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Powell River:
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 Powell River:
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...