A picture of the Town of Ladysmith.


Lending guidelines for Ladysmith, British Columbia

Our Maximum Loan To Value
2021 Population
Land Area
12.04 Km²
2016 > 2021 Growth

Ladysmith is a small town located on Vancouver Island in the Cowichan Valley regional district of British Columbia. It has a population of 8,990 and an area of 12.04 km². The town is situated on the Trans-Canada Highway, approximately halfway between the cities of Nanaimo and Victoria. Ladysmith is known for its historic downtown, beautiful beaches, and friendly community. The town was originally founded in 1898 by a man named James Dunsmuir , he built shipping wharves for loading coal at Oyster Harbour (now Ladysmith Harbour). The coal came from the Extension Mine near Nanaimo. in 1909 there was an explosion at Extension mine, killing 32 men. Eventually the mine closed in 1931 and around the world people felt the effect of an economic depression. Since then, logging and lumber milling have continued to play an important role in the town's economic development. Today the town focuses on small business and tourism. The mild weather makes the town a great destination for tourists and the elderly looking for a comfortable, slow paced retirement. Ladysmith has over 100 acres of parks and open spaces offering seaside fun, nature experiences, playgrounds and play fields. Many waking trails and biking paths have been implemented around the town, encouraging a healthy lifestyle and sustainability. The town has lots of fun artistic projects and programs. One being the youth engagement project, where a professional artiest leads a group of youth to create a mural on a downtown wall. Lots to see and do in Ladysmith!

Tekamar Mortgage Fund will lend in Ladysmith. Depending on borrower strength and property marketability, all of our mortgage products (refinances, purchase, debt consolidation etc.) are available here. You can see them on our mortgage products page. We will lend up to 65.0% in the Town of Ladysmith.