Vernon

Vernon sits where the Okanagan Valley opens up into something special — a place where you can ski Silver Star in the morning and paddleboard Okanagan Lake by afternoon. This isn’t just another retirement town, though the 28% senior population tells part of the story. It’s become the sweet spot for active retirees who want amenities without Vancouver prices.

The numbers paint a picture of stability: 11% population growth since 2016, a diverse economy led by retail and healthcare, and housing that’s still within reach at a $73,500 median household income. Nearly half the homes are single-detached, which matters when you’re looking at mortgage security. The climate’s warming too — Vernon jumped a full plant hardiness zone in recent decades, making it even more attractive for year-round living.

What sets Vernon apart is its position as the Okanagan’s northern anchor. You get the lake lifestyle without Kelowna’s traffic, plus legitimate four-season recreation with Silver Star’s reliable snow. The arts scene punches above its weight, and the agricultural heritage runs deep — this is where orchards meet opportunity.

For mortgage brokers, Vernon represents solid fundamentals. The diverse economic base reduces single-industry risk, proximity to Kelowna provides employment spillover, and the lifestyle appeal keeps properties moving. The 8.2% unemployment rate deserves attention, but the broader economic indicators suggest resilience.

Tekamar offers 70% maximum LTV in Vernon, reflecting our confidence in the market’s liquidity and stability. Our equity-based lending, second mortgages, and debt consolidation products serve clients who understand Vernon’s value proposition — whether they’re downsizing from Calgary, upgrading their lake access, or consolidating debt against solid real estate equity in one of BC’s most livable communities.