Sayward sits at the northern tip of Vancouver Island where the Salmon River meets the ocean, making it one of those rare places where you can catch salmon in the morning and be hiking through old-growth forest by afternoon. With just 334 residents, it’s the kind of community where the post office doubles as the social hub and everyone knows when someone new arrives.
The numbers tell an interesting story here. Nearly 40% of residents are seniors, creating a retirement haven atmosphere that’s attracted folks looking to escape busier places. The median age of 60.4 years reflects people who’ve chosen Sayward for its spectacular natural setting rather than career opportunities. Forestry and fishing still employ over a quarter of the workforce, maintaining the town’s connection to traditional Vancouver Island industries.
Housing is refreshingly straightforward—three-quarters of homes are single-detached houses, with the rest being apartments or the occasional mobile home. No condos, no townhouses, just simple living in a place where your biggest decision might be whether to fish the river or head out to the inlet.
Sayward’s location puts it within striking distance of some serious outdoor recreation. The nearby Sayward Forest provides access to hiking trails and camping, while the marine environment offers world-class fishing and kayaking opportunities. It’s close enough to Campbell River (about 45 minutes) for major shopping or medical needs, but far enough away to maintain that small-town feel.
For mortgage brokers working with clients seeking alternative financing in remote Vancouver Island communities, Tekamar offers lending solutions here with a maximum LTV of 55%. We understand that traditional lenders often overlook places like Sayward, but we see the value in communities where people choose lifestyle over convenience.
the Nearest Tim Hortons
the Nearest Costco
Nearest Hospital
Our Mortgage Products Available in Sayward
| Mortgage Product Name | Max LTV | Key Notes for Sayward |
|---|---|---|
| Variable Income | 55.0% | Standard product terms |
| 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
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in Sayward:
55.0 %
“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 Sayward:
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 Sayward:
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 Sayward:
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 Sayward:
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...