Summerland

Summerland earned its name for good reason—this Okanagan Valley gem delivers exactly what it promises. With 2,000+ hours of sunshine annually and some of the province’s most reliable growing weather, it’s where British Columbians come to escape the rain and stay for the lifestyle.

The numbers tell a compelling story for mortgage professionals. At 65% maximum LTV, Tekamar recognizes Summerland’s exceptional market stability. This isn’t just another retirement town—though with a median age of 54.4 years, it certainly attracts discerning buyers who’ve done their homework. The community’s 71.5% single-family housing stock creates the kind of equity-rich environment that makes lenders sleep well at night.

What sets Summerland apart from other Okanagan communities is its perfect storm of desirability factors. The Kettle Valley Railway trestle draws tourists year-round, while local wineries have put the area on international maps. But here’s the kicker—unlike some wine regions that feel seasonal, Summerland maintains year-round appeal through its proximity to Penticton (20 minutes) and diverse local economy spanning healthcare, retail, and construction.

The housing market reflects this stability. When properties do hit the market, they move quickly. Buyers aren’t just purchasing homes; they’re buying into a lifestyle that includes lakefront access, hiking trails, and that rare combination of small-town charm with urban amenities nearby. The 3.7% population growth since 2016 shows steady, sustainable demand without the boom-bust volatility that keeps mortgage professionals awake at night.

For brokers working with clients who’ve outgrown traditional lending parameters, Summerland represents opportunity. Whether it’s debt consolidation, bridge financing, or equity-based lending, the community’s track record of property value retention makes it an ideal fit for alternative mortgage solutions.