Vernon

Let’s talk about Vernon, British Columbia—a place that’s quietly carving out its own space in the Okanagan Valley, and a spot where Tekamar Mortgage Fund is proud to lend. Nestled between the hustle of Kelowna and the serene beauty of smaller lakeside towns, Vernon offers a unique blend of lifestyle and opportunity that’s worth a closer look, whether you’re a mortgage broker hunting for the right lender or a borrower seeking alternative financing.

What sets Vernon apart? For starters, it’s got a vibe that screams “active retirement” or “family-friendly escape.” Think Silver Star Ski Resort just up the road for winter thrills, and three stunning lakes—Okanagan, Kalamalka, and Swan—for summer fun. It’s no surprise Alberta retirees are flocking here for that sweet mix of outdoor adventure and small-town charm. From a real estate perspective, this translates to solid resale potential. Properties here don’t just sit on the market—they move, especially with amenities like the local aquatic center drawing in families and active folks. For brokers, this means deals in Vernon can be a safe bet for lenders like us at Tekamar, with our max loan-to-value (LTV) of 70% in this market. And for borrowers, it’s reassuring to know we’re comfortable lending here, even if your situation doesn’t fit the cookie-cutter bank mold.

Now, let’s get practical. Vernon’s housing mix leans heavily on single-detached homes—almost half the market—which often appeals to equity lending scenarios. Got a client with a home that’s paid down but a credit hiccup keeping them from traditional loans? That’s where we shine. At Tekamar, we focus on equity-based lending with a clear exit strategy, ensuring borrowers can refinance down the road. Brokers, you’ll appreciate that we cap at 70% LTV in Vernon but often aim lower for riskier deals like second mortgages or bare land. It’s not just about the numbers—it’s about knowing the market’s quirks and how long it might take to recover funds if things go sideways.

Economically, Vernon isn’t a one-trick pony. Retail, healthcare, and construction drive the local scene, giving it a stability that’s rare in smaller towns. Sure, there’s an unemployment rate hovering around 8%, but proximity to Kelowna adds a buffer. As a lender, we see this diversity as a plus—less risk of a total economic nosedive. For borrowers, it means your investment here isn’t tied to a single shaky industry. And brokers, when you bring us a deal, we’re looking at these factors to ensure it’s a win for everyone.

Here’s the thing: Vernon isn’t trying to be Kelowna or Vancouver. It’s got its own personality—think farmers’ markets buzzing with local pride and a slower pace that doesn’t skimp on culture or recreation. At Tekamar, we get that. Our tagline, “We’ll lend where other MICs won’t,” isn’t just a catchy phrase—it’s why we’re here in Vernon, not chasing Vancouver’s overcooked market. We’ve been at this for over 20 years, focusing on towns big and small across BC (outside the Lower Mainland, of course). So, brokers, if you’ve got a deal in Vernon, give us a call. Borrowers, if you’re looking at property here and need a lender who sees beyond credit scores, we’re your team.

Vernon’s not just another Okanagan stop—it’s a smart play for real estate and lifestyle. Whether you’re navigating a tricky mortgage or sourcing the perfect deal, Tekamar’s ready to partner with you in this hidden gem of a town.