Ucluelet

If you’ve ever driven the winding roads of Vancouver Island’s west coast, you’ve likely heard of Ucluelet. It’s a small town with a big personality, tucked between the rugged Pacific Ocean and ancient rainforests. With a population just over 2,000, it’s not a bustling metro hub, but that’s exactly why it’s worth your attention—whether you’re a mortgage broker scouting unique markets or a borrower dreaming of a coastal escape.

What sets Ucluelet apart from other BC communities isn’t just its postcard-worthy scenery. It’s the lifestyle appeal and the surprisingly resilient local economy that make it a hidden gem for real estate. Known as a gateway to the Wild Pacific Trail—a stunning coastal hike that draws visitors year-round—Ucluelet has become a haven for retirees, vacation home buyers, and eco-adventurers. Add in its status as a fishing charter hub and its proximity to Tofino’s airport, and you’ve got a town with serious staying power in the resale market. For brokers, this means deals here often have a safety net of demand. For borrowers, it’s a chance to invest in a property that holds value, even in a quirky, small-town setting.

Let’s talk numbers, but not the boring kind. At Tekamar Mortgage Fund, we’re excited to lend in Ucluelet with a maximum loan-to-value (LTV) of 60%. That’s not a random figure—it reflects our confidence in the market while keeping risk in check. We’re not chasing high-LTV gambles; we’re looking for solid equity plays where there’s a clear exit strategy, like a future refinance to pay us out. If you’re a broker with a client who doesn’t quite fit the bank’s income or credit mold, this is where we shine. And if you’re a borrower with equity in a Ucluelet property, we’re the MIC that says “yes” when others hesitate—just give us a call to chat about your situation.

Ucluelet’s economy is another reason we’re keen on this spot. Once rooted in resource industries, it’s now powered by tourism, with accommodation and food services leading the charge. That shift means stability, even in a town without a stoplight (yep, that’s our kind of place). Whether it’s a cozy cabin near the harbor or a fixer-upper with ocean views, properties here often attract buyers faster than you’d expect for a small community. As a lender who skips the Vancouver/Fraser Valley hype, we at Tekamar see the value in places like this—where “We’ll lend where other MICs won’t” isn’t just a tagline, it’s our mission.

One thing to note: Ucluelet’s housing mix leans heavily on single-detached homes, with a sprinkle of apartments and duplexes. That diversity can be a goldmine for creative financing. Brokers, if you’ve got a client eyeing bare land or an odd property that doesn’t scream “cookie-cutter,” bring it to us. Borrowers, if you’re consolidating debt or repairing credit and need a lender who gets small-town dynamics, we’re listening.

So, why Ucluelet? It’s not just about the crashing waves at Amphitrite Point or the charm of a tight-knit community. It’s about opportunity wrapped in ocean mist—a place where deals make sense, and the market has legs. Whether you’re placing a mortgage or seeking one, Tekamar’s here to help you navigate this coastal corner of BC. Let’s talk about your next move.