Summerland

Let’s talk about Summerland, British Columbia—a small town with a big personality, tucked away in the heart of the Okanagan Valley. If you’re picturing just another sleepy spot, think again. Summerland has a unique vibe that sets it apart from other BC communities, and for mortgage brokers and borrowers alike, it’s a place worth knowing about. At Tekamar Mortgage Fund, we’re excited to lend here, and we’ll tell you why.

First off, Summerland isn’t your typical small town. Sure, it’s got just over 12,000 folks calling it home, but it punches way above its weight when it comes to lifestyle. Think warm, dry summers that stretch on forever, winery tours that could turn anyone into a sommelier, and outdoor recreation like hiking or cruising on a historic steam train at the Kettle Valley Railway. It’s no surprise that retirees and lifestyle seekers are drawn here—the ‘spirit of summer’ isn’t just a slogan; it’s a way of life. For borrowers looking to settle into a dream property, this appeal translates to a market that holds value well. And for brokers? It means properties in Summerland often sell faster than you’d expect in a downturn, even if the worst-case scenario hits.

From a real estate perspective, Summerland’s housing mix is another reason we’re keen to lend. About 71% of homes are single-detached, which is a sweet spot for equity lending—our bread and butter at Tekamar. These properties tend to attract stable, long-term owners, reducing the risk of volatility. Plus, with a maximum loan-to-value (LTV) of 65% in Summerland, we’re comfortable offering competitive terms while keeping our risk in check. Brokers, if you’ve got a client who’s been turned down by a bank for income or credit reasons, give us a call—we prioritize equity and a clear exit strategy over rigid qualifying rules. Borrowers, that means if you’ve got solid equity in a Summerland property, we’re likely to find a way to work with you.

What really makes Summerland stand out, though, is its economic diversity for a town of its size. Health care, retail, and construction lead the job market, so it’s not a one-trick pony reliant on a single industry. That’s a quiet reassurance for us as lenders—diversity means stability, even if unemployment hovers around 8%. For borrowers, it’s a sign that Summerland isn’t just a pretty face; it’s a practical place to put down roots. Brokers, keep this in mind when pitching deals to us—highlight how the local economy supports your client’s long-term plans.

And let’s not forget the arts scene and amenities that give Summerland an edge over other small BC towns. It’s not just about the stunning views of Okanagan Lake—it’s the galleries, festivals, and community spirit that make it feel like home. That’s a selling point in any market. At Tekamar, we live by our tagline, “We’ll lend where other MICs won’t.” Summerland fits our niche perfectly as a smaller town with big potential, outside the Vancouver/Fraser Valley bubble. We’ve been at this for over 20 years, and we’re picky about protecting our friends-and-family investors, but we’re all ears for the right deal here.

So, whether you’re a broker with a unique Summerland file or a borrower eyeing a slice of this sunny paradise, let’s chat. We’re not just another MIC—we’re your partner for towns without stoplights, and Summerland is exactly our kind of place.