Lending in West Kelowna
Don’t mistake West Kelowna for a simple suburb. While it benefits from its proximity to Kelowna’s job market, it has its own distinct and resilient identity. This is a community of over 36,000 that has grown by 10.5% since 2016, driven by people seeking a specific blend of convenience and “rural sophistication” that’s hard to find elsewhere. The area’s mild climate and long growing season aren’t just good for the wineries that stripe the hillsides; they’re a core part of the lifestyle that attracts and keeps people here. This isn’t a transient resort town; people put down roots.
From a lender’s perspective, the economy is reassuringly diverse. There’s no single industry propping everything up, which is a key factor in mitigating risk. The top sectors are stable mainstays: health care, retail, and construction, backed by a solid tourism and agricultural base that isn’t going anywhere. This economic mix, combined with a median household income of $99,000, points to a stable borrower base. We see consistent demand from families, but the real anchor is the steady inflow of retirees. With a median age of 44 and over 21% of the population aged 65 or older, that demographic provides a solid floor for resale demand, even when the market softens.
The housing stock tells the story of a community built for the long haul. Single-detached homes make up 68% of all dwellings, while apartments account for just over 12%. You don’t see the high-rise condo speculation here that defines larger urban centres and creates volatility. Instead, you have established neighbourhoods and steady, managed growth. This is exactly the kind of market we’re built for: stable, predictable, and desirable for reasons that go beyond market cycles.
When we assess a market, we look at the fundamentals that survive a downturn. West Kelowna’s appeal is tied to its geography, its climate, and its lifestyle—things that don’t vanish in a recession. The combination of a multi-faceted economy, strong demographics, and proven desirability gives us confidence in asset values. For purchase, refinance, or equity take-out deals on good-quality residential property, Tekamar will lend up to a maximum LTV of 70.0% in West Kelowna. It’s a core market for us in the Okanagan, and we’re always ready to look at sensible deals here.
Local Hospital
Our Mortgage Products Available in West Kelowna
| Mortgage Product Name | Max LTV | Key Notes for West Kelowna |
|---|---|---|
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 70.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 70.0% | Standard product terms |
| Equity Lending | 70.0% | Standard product terms |
| Purchases | 70.0% | Standard product terms |
Detailed Mortgage Product Information
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in West Kelowna:
65.0 %
“Their credit report reads like a horror novel, but the house was just renovated and is worth a lot…”
Here’s what happens when life takes a wrong turn. A bad business venture. Workplace Injury. That divorce that dragged on for two years. Suddenly your credit score looks like a batting average and the banks won’t even return your calls.
But here’s the thing – none of that changes what your ho...
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in West Kelowna:
70.0 %
“Their income is all over the map, but there’s definitely income…”
Here’s a funny thing about lending based on Line 15000 of your Notice of Assessment: It’s a neat little box to underwrite against. Works great if you’re a salaried employee. Not so great if you’re running a fishing charter in Campbell River where thres fishing season, and the rest of the year.
We get it. Income isn’t always ti...
Bare Land and Unique Properties
Maximum Loan-to-Value (LTV) for Bare Land and Unique Properties in West Kelowna:
65.0 %
“The appraisal came back as ‘property type: other’…”
Here’s a truth about real estate that nobody wants to admit: not everything fits in a box. Banks have boxes. Nice, tidy boxes labeled “single family home” and “condo” and “townhouse.” Their computer systems literally don’t have a dropdown menu option for “converted church with commercial kitchen” or “geodesic dome on 40 acres.”
We’ve funded...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in West Kelowna:
70.0 %
“Subjects came off their current home last week but their new place closes Friday…”
Here’s a funny thing about bridge financing: everyone thinks it’s complicated. It’s not. Someone needs to close on their new house before their old house sells. Or their sale fell through after they removed subjects on their dream home. Or they found the perfect downsizer condo but haven’t listed the family hom...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in West Kelowna:
70.0 %
“They have tons of equity but don’t qualify under B20…”
Here’s the thing about equity lending: it exists because banks literally can’t do it. B20 guidelines require income verification. Full stop. No wiggle room. No common sense exceptions.
We’re provincially regulated. The funds we lend on come from individual investors, not the Bank of Canada. So when your client has 50% equity but their in...
Purchases
Maximum Loan-to-Value (LTV) for Purchases in West Kelowna:
70.0 %
Moving is supposed to be exciting. New town, new job, new chapter. So why do banks act like you’re asking for their firstborn when you need a mortgage?
“You haven’t been at your new job for thre months”
“Your self-employment income doesn’t count in a new market.”
“We need to see established a year if you are part time contract - even if you’re working 40 hours under your new role”
Meanwhile...