Sooke

Let’s talk about Sooke, British Columbia—a coastal gem on Vancouver Island that’s quietly carving out a name for itself. Nestled just west of Victoria, this town of about 15,000 isn’t your typical suburban sprawl or big-city satellite. It’s a place where rugged shorelines meet tight-knit community vibes, and for mortgage brokers and borrowers alike, it’s a spot worth paying attention to. At Tekamar Mortgage Fund, we’re all about lending where others hesitate, and Sooke fits our sweet spot perfectly with a maximum loan-to-value (LTV) of 70%.

What makes Sooke stand out from other BC communities? For starters, it’s got a lifestyle appeal that’s hard to beat. Think breathtaking ocean views along the Juan de Fuca Marine Trail and easy access to hidden beaches like French Beach. This isn’t just postcard stuff—it’s a real draw for equity-rich retirees and families looking to escape the hustle without losing access to essentials. For borrowers, that translates to properties with solid resale potential, even if the market takes a dip. And brokers, you’ll appreciate how this lifestyle factor can make a deal more bankable when pitching to alternative lenders like us.

From a real estate perspective, Sooke’s housing mix is practical yet diverse. Single-detached homes dominate, making up over 60% of the market, which means plenty of options for traditional equity lending—our bread and butter. But you’ve also got duplexes and smaller apartments for those looking at entry-level or downsizing deals. Here’s a little insider tip: with a mild climate (we’re talking Zone 8b for you green thumbs), properties with outdoor appeal—think gardens or oceanfront patios—often hold value better here than in harsher climates. So, whether you’re a borrower with a unique property or a broker structuring a deal, that’s a detail worth noting in your application to us.

Economically, Sooke isn’t a one-trick pony. Construction, public administration, and retail keep things ticking, which gives a bit of stability compared to towns tied to a single industry like logging or tourism. That said, median household income hovers around $90,000, so local purchasing power isn’t sky-high. For borrowers, this is where equity lending shines—especially if income or credit scores don’t pass muster with traditional banks. Brokers, if you’ve got a client with a solid property but shaky financials, give us a call. We prioritize a clear exit strategy over perfect paperwork, as long as the numbers make sense.

Why Tekamar Loves Sooke

We’ve been lending in BC’s smaller towns for over 20 years, and Sooke checks a lot of boxes. Our tagline, “We’ll lend where other MICs won’t,” isn’t just a catchy phrase—it’s why we’re happy to consider deals here while sticking to our max 70% LTV for safety. Unlike MICs glued to Vancouver or the Fraser Valley, we’re built for places like this, where community charm meets calculated risk. For borrowers, that means a partner who gets the quirks of small-town real estate. For brokers, it’s a chance to close deals others might pass on.

So, whether you’re eyeing a fixer-upper near Sooke Potholes or structuring a second mortgage for a client, let’s chat. Sooke’s not just a pretty view—it’s a smart play, and we’re here to make it work.