Colwood sits where suburban comfort meets ocean wilderness, creating a rare combination that keeps property values steady even when markets wobble. This isn’t your typical bedroom community — it’s where federal employees, healthcare workers, and retirees choose to plant roots, drawn by oceanfront trails that wind through actual old-growth forests just minutes from their front doors.
The numbers tell the story of a community that’s figured something out. With a median household income of $102,000 and unemployment sitting at just 5.1%, Colwood attracts people who can afford to be picky about where they live. Nearly 20% of residents work in public administration, creating an economic foundation that doesn’t disappear when tech bubbles burst or tourism slumps.
Here’s what makes Colwood different from other Victoria-area communities: it managed to preserve 640 acres of temperate rainforest right in its backyard. The Galloping Goose Regional Trail cuts through town, connecting cyclists and walkers to a 55-kilometer network that stretches from downtown Victoria to the Sooke Hills. You can literally bike to work in the provincial capital through forest corridors that feel like they belong in a national park.
The housing market reflects this unique positioning. Nearly half the homes are single-detached houses, but there’s enough diversity in housing types to accommodate different life stages. The 12.5% population growth since 2016 isn’t the kind of explosive development that creates boom-bust cycles — it’s steady growth driven by people who’ve discovered they can have ocean access, forest trails, and city convenience without choosing just one.
Plant Hardiness Zone 9a means gardens here can grow things that freeze elsewhere in Canada. Residents joke that their biggest landscaping challenge isn’t surviving winter — it’s deciding between palm trees and Japanese maples.
For mortgage professionals, Colwood represents the sweet spot of Vancouver Island lending. We offer our full range of products here with a 70% maximum LTV, backed by a market that combines lifestyle appeal with economic stability. When borrowers need bridge financing for their Colwood purchase or want to tap equity for renovations on their character home, the fundamentals support confident lending decisions.
Local Hospital
Our Mortgage Products Available in Colwood
| Mortgage Product Name | Max LTV | Key Notes for Colwood |
|---|---|---|
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 70.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 70.0% | Standard product terms |
| Equity Lending | 70.0% | Standard product terms |
| Purchases | 70.0% | Standard product terms |
Detailed Mortgage Product Information
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Colwood:
65.0 %
“Their credit report reads like a horror novel, but the house was just renovated and is worth a lot…”
Here’s what happens when life takes a wrong turn. A bad business venture. Workplace Injury. That divorce that dragged on for two years. Suddenly your credit score looks like a batting average and the banks won’t even return your calls.
But here’s the thing – none of that changes what your ho...
Variable Income
Maximum Loan-to-Value (LTV) for Variable Income in Colwood:
70.0 %
“Their income is all over the map, but there’s definitely income…”
Here’s a funny thing about lending based on Line 15000 of your Notice of Assessment: It’s a neat little box to underwrite against. Works great if you’re a salaried employee. Not so great if you’re running a fishing charter in Campbell River where thres fishing season, and the rest of the year.
We get it. Income isn’t always ti...
Bare Land and Unique Properties
Maximum Loan-to-Value (LTV) for Bare Land and Unique Properties in Colwood:
65.0 %
“The appraisal came back as ‘property type: other’…”
Here’s a truth about real estate that nobody wants to admit: not everything fits in a box. Banks have boxes. Nice, tidy boxes labeled “single family home” and “condo” and “townhouse.” Their computer systems literally don’t have a dropdown menu option for “converted church with commercial kitchen” or “geodesic dome on 40 acres.”
We’ve funded...
Bridge Financing/Fully Open Term
Maximum Loan-to-Value (LTV) for Bridge Financing/Fully Open Term in Colwood:
70.0 %
“Subjects came off their current home last week but their new place closes Friday…”
Here’s a funny thing about bridge financing: everyone thinks it’s complicated. It’s not. Someone needs to close on their new house before their old house sells. Or their sale fell through after they removed subjects on their dream home. Or they found the perfect downsizer condo but haven’t listed the family hom...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Colwood:
70.0 %
“They have tons of equity but don’t qualify under B20…”
Here’s the thing about equity lending: it exists because banks literally can’t do it. B20 guidelines require income verification. Full stop. No wiggle room. No common sense exceptions.
We’re provincially regulated. The funds we lend on come from individual investors, not the Bank of Canada. So when your client has 50% equity but their in...
Purchases
Maximum Loan-to-Value (LTV) for Purchases in Colwood:
70.0 %
Moving is supposed to be exciting. New town, new job, new chapter. So why do banks act like you’re asking for their firstborn when you need a mortgage?
“You haven’t been at your new job for thre months”
“Your self-employment income doesn’t count in a new market.”
“We need to see established a year if you are part time contract - even if you’re working 40 hours under your new role”
Meanwhile...