Credit union seeking foreclosure or sale of mayor’s commercial property

Beem Credit Union has filed a petition in B.C. Supreme Court seeking foreclosure on, or sale of, the mayor’s West Victoria Street car lot, claiming Reid Hamer-Jackson’s Tru Market Truck and Auto Sales has defaulted on its loan agreement.

According to the petition, Beem is seeking a sum of $425,000 plus interest, for a total of $447,939.59 as of the filing date due to failure to make payments. The loan is accruing interest charges of $78.33 per day.

The petition also notes that property taxes remain unpaid but does not specify an amount owed.

The property at 260 West Victoria St. was listed for sale in 2024 for $5.6 million and relisted this year for a discounted $3.6 million. It has been on the market at its new price for about three months. Its 2026 assessment, conducted on July 1, 2025, lists a total value for the property of $921,000.

Hamer-Jackson had previously told other media that he planned to sell the property to help cover outstanding legal bills. He is currently involved in a court case with former lawyer Daniel Coles, to whom he owes more than $43,000. Another lawyer, David McMillan, alleged Hamer-Jackson owed him more than $35,000 after he represented him early on in his tenure as mayor.

The mayor is also facing $10,000 in damages sought by Coun. Katie Neustaeter, who was sued by Hamer-Jackson for defamation. A B.C. Supreme Court judge threw that case out in late January and a ruling on damages for Neustaeter, if any, is expected in the coming months.

A series of code of conduct violations have cost the mayor significant portions of his salary, which he said has left him unable to pay his bills. The mayor’s salary will be slashed once again, by up to 20 percent on May 1, if he does not comply with the latest measures from council in reaction to yet another founded code of conduct violation.

Hamer-Jackson has not yet filed a response to the petition in court.