West Vancouver

Let’s talk about West Vancouver, BC—a place that’s as stunning as it is exclusive, and a real gem in the world of real estate. Nestled between the North Shore Mountains and the Pacific Ocean, this community offers a lifestyle that’s hard to beat, with jaw-dropping views and a vibe that screams quiet luxury. But as much as we at Tekamar Mortgage Fund admire the area, we’ve got to be upfront: we don’t lend here. Our niche is elsewhere in BC, in towns big and small where other MICs often hesitate. Still, if you’re a mortgage broker or a borrower curious about West Vancouver’s market, stick with us—we’ve got some insights worth reading.

What sets West Vancouver apart? For starters, it’s a haven for high-net-worth folks and retirees, with a median household income north of $100,000 and a median age of around 50. That demographic mix means stability in the housing market. Over half the homes here are single-detached, often perched on hillsides with million-dollar views of Burrard Inlet. From a real estate perspective, this isn’t just pretty scenery—it’s a goldmine for resale value. Properties here don’t sit long, even in a softer market. If you’re a borrower eyeing a home in West Vancouver, that strong demand is your safety net. And brokers, you know that kind of equity is a lender’s dream—just not ours, since our focus is outside the Greater Vancouver Area.

Let’s get local for a sec. If you’ve ever strolled along the Seawalk near Ambleside Park, you’ve felt the pull of this place. It’s not just about the oceanfront; it’s the access to world-class skiing at nearby Cypress Mountain and cultural draws like the Harmony Arts Festival. These aren’t just perks—they’re reasons why West Vancouver’s property values hold steady. For borrowers, that means a home here is more than a purchase; it’s an investment in a lifestyle. Brokers, when you’re pitching deals in other parts of BC to lenders like us, highlighting comparable lifestyle appeal can make a difference.

Now, a quick mortgage insider tip: West Vancouver’s economic diversity—with strong sectors like professional services and finance—means less risk of a local downturn compared to single-industry towns. That’s a big deal when assessing long-term property value. But here’s the flip side: with high prices and a competitive market, borrowers often need creative financing to get in. That’s where alternative lenders shine, though again, not us in this specific area. Our tagline, “We’ll lend where other MICs won’t,” means we’re more likely to help with a deal in a smaller BC town, targeting a max LTV of 60-70% in places like Kelowna or Vernon. Borrowers, if you’re outside West Vancouver, give us a shout. Brokers, if you’ve got a deal in our sweet spot, let’s chat.

So, while West Vancouver isn’t in our lending zone, we get why it’s a hot spot. It’s a masterclass in what drives real estate value: location, lifestyle, and stability. For those of you navigating mortgages here, other MICs or traditional lenders are better suited. But if you’re a broker or borrower with a deal elsewhere in BC—especially in those under-the-radar towns—Tekamar is your go-to. We’re all about finding solutions where others see roadblocks. Got a deal? Let’s make it happen.