Colwood

Colwood sits where the Pacific Ocean meets the southern tip of Vancouver Island, creating one of Canada’s most enviable living situations. While other communities chase growth, Colwood has quietly perfected the art of being exactly where people want to end up.

The numbers tell a compelling story for mortgage professionals. With a median household income of $102,000 and unemployment sitting at just 5.1%, this isn’t a community riding economic volatility. Public administration leads employment at nearly 20%, followed by healthcare and retail — the kind of stable sectors that keep mortgage payments flowing. When your largest employers include government workers and healthcare professionals, you’re dealing with borrowers who understand long-term financial commitments.

Tekamar offers up to 70% LTV in Colwood, reflecting the community’s strong fundamentals and proximity to Victoria’s economic engine. The housing market shows remarkable diversity, with nearly half the dwellings being single-detached homes while duplexes account for 18.5% — perfect for the equity-based lending scenarios that define our business.

Here’s what makes Colwood different: it’s achieved something most communities can’t. Plant Hardiness Zone 9a means residents can grow Mediterranean plants year-round, making this one of Canada’s mildest climates. The zone actually improved by a full level over recent decades, turning already-great weather into something approaching perfection.

The demographic mix creates natural market stability. Nearly 20% of residents are seniors, drawn by the climate and lifestyle, while the working-age population maintains strong employment in recession-resistant sectors. This isn’t a boom-bust community — it’s where people move when they’ve figured out what matters.

For brokers working with clients who need flexible lending solutions, Colwood represents the sweet spot between urban amenities and small-town stability. Ocean access, proximity to Victoria, and a climate that makes February feel optional create the kind of lasting appeal that protects property values when markets shift.