# Courtenay, BC

> **Lending here.** Maximum LTV: 70.0%.

## Lending snapshot

Courtenay is the Comox Valley’s main regional hub, and we’re actively lending up to 70% LTV here. The market is incredibly stable, anchored by CFB Comox and a steady stream of equity-rich retirees cashing out of major cities. It’s a reliable, low-risk market where deals actually make sense.

## Key facts

- **Region:** Comox Valley
- **Maximum LTV:** 70.0%
- **Population:** 28,420
- **Economic score:** 7/100
- **Desirability score:** 10/100

## About Courtenay

### Courtenay Lending Guide

Courtenay isn't a sleepy island outpost, but it isn't a frantic metro area either. As the commercial engine of the Comox Valley on Vancouver Island's central-east coast, this market offers mortgage brokers a remarkably stable environment. You get the established infrastructure of a regional hub without the wild price swings or sudden corrections of the Lower Mainland. Because our fund focuses entirely on British Columbia communities outside Greater Vancouver and the Fraser Valley, Courtenay fits our lending criteria perfectly. It is exactly the type of steady, mid-sized market where alternative deals make sense.

The local economy benefits from two highly reliable consumer groups: military families and retirees. CFB Comox sits right next door, maintaining a constant rotation of military personnel that keeps a solid floor under both rental and purchase demand. On the other side of the spectrum, the mild coastal climate draws retirees looking to downsize from colder provinces or cash out of high-priced metropolitan areas. The median age here is 48, and seniors make up 28% of the population. This demographic base supports a massive local service sector, particularly in healthcare and retail, which keeps employment diversified and resilient.

Single-detached homes make up 50.1% of the housing stock in Courtenay, but developers have been adding townhouses and low-rise apartments to accommodate the changing market. The population grew by 10.8% in recent years, bringing the total to 28,420 residents. Since geography and local zoning keep a tight lid on urban sprawl, housing inventory is consistently limited. While homes are far more accessible than in Victoria or Vancouver, values hold up well because of genuine local demand. It is a highly liveable area where over half the residents enjoy a daily commute of under 15 minutes, and the average commute is just 18.5 minutes.

As a capital-preservation mortgage investment corporation, we look closely at these micro-markets. When underwriting, we always model worst-case scenarios, including foreclosure timelines, carrying costs, and typical days-on-market. In Courtenay, the combination of tight housing supply and steady demographic inflows gives us high confidence in property liquidity.

Given these solid underlying fundamentals, we offer our maximum **70.0%** loan-to-value ratio in Courtenay. If you have a client in the Comox Valley who falls outside standard bank guidelines—whether they need a clean bridge loan, a first mortgage for a self-employed buyer, or equity for debt consolidation—we are actively looking for deals here. Courtenay has the economic stability and scale to make alternative lending safe and highly predictable.

## Mortgage products available in Courtenay

| Product | Max LTV | Terms |
|---|---|---|
| [Bare Land and Unique Properties](/mortgage_products/bare-land-or-odd-properties.md) | 65.0% | Standard product terms |
| [Bridge Financing](/mortgage_products/bridge-financing.md) | 70.0% | Standard product terms |
| [Credit Repair and Debt Consolidation](/mortgage_products/credit-repair-and-debt-consolidation.md) | 70.0% | Standard product terms |
| [Equity Lending / Refinance](/mortgage_products/equity-lending.md) | 70.0% | Standard product terms |
| [Purchases](/mortgage_products/purchases.md) | 70.0% | Standard product terms |
| [Variable Income](/mortgage_products/variable-income.md) | 70.0% | Standard product terms |

## Frequently asked questions

### What's the max LTV in Courtenay, and why is it set there?

We offer up to 70% LTV because Courtenay is a highly stable regional hub with constant housing demand. A steady influx of downsizers and the local military base keep asset values secure even when other markets get choppy.

### What's the local economy like, and how does it impact underwriting?

It's anchored by stable, non-cyclical employers like CFB Comox, but the local service economy has a lower median income of $72,000 and 8.5% unemployment. We look closely at local income stability, though we love deals backed by equity-rich buyers moving in.

### What would sink a deal here?

Highly speculative properties or deals relying on weak service-industry incomes without a solid equity cushion will sink a deal. We want to see a clear exit strategy and properties that fit the local buyer pool of retirees and military families.


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