Comox sits where the Comox Valley meets the Strait of Georgia, creating one of Vancouver Island’s most sought-after retirement destinations. With over 31% of residents aged 65 and older, this community has become a magnet for equity-rich retirees drawn to its mild climate and natural beauty.
The numbers tell the story of a stable, established market. Single-detached homes dominate at nearly 66% of all dwellings, while the median household income of $83,000 reflects the financial security many residents enjoy. Healthcare and social assistance lead employment at 16%, followed by retail trade and public administration—a diverse economic base that doesn’t rely heavily on volatile resource sectors.
Comox’s appeal goes beyond demographics. The town benefits from Zone 8a plant hardiness, meaning gardens flourish with everything from palm trees to Mediterranean plants. The annual Filberg Festival draws visitors from across the island, while CFB Comox adds economic stability and a steady flow of military families seeking quality housing.
For mortgage brokers, Comox represents opportunity. The community’s 5.5% population growth since 2016 indicates steady demand, while the high percentage of seniors suggests frequent equity-based transactions. Many residents are house-rich but income-modest—exactly the profile that benefits from alternative lending solutions.
Property values here reflect the desirability factor. Waterfront access, golf courses, and proximity to both wilderness and amenities create lasting appeal. The 877 people per square kilometer density strikes that sweet spot between community feel and urban convenience.
Tekamar offers a maximum 65% LTV in Comox, recognizing the strong market fundamentals and desirable location. Whether it’s debt consolidation for retirees, bridge financing for relocating military families, or second mortgages for property investors, the equity-rich environment makes Comox an attractive lending market for brokers seeking reliable opportunities outside the Lower Mainland.
Our Mortgage Products Available in Comox
| Mortgage Product Name | Max LTV | Key Notes for Comox |
|---|---|---|
| Credit Repair and Debt Consolidation | 65.0% | Standard product terms |
| Variable Income | 65.0% | Standard product terms |
| Bare Land and Unique Properties | 65.0% | Standard product terms |
| Bridge Financing/Fully Open Term | 65.0% | Standard product terms |
| Development/Subdivisions | 50.0% | Standard product terms |
| Equity Lending | 65.0% | Standard product terms |
| Purchases | 65.0% | Standard product terms |
Detailed Mortgage Product Information
Credit Repair and Debt Consolidation
Maximum Loan-to-Value (LTV) for Credit Repair and Debt Consolidation in Comox:
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 Comox:
65.0 %
“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 Comox:
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 Comox:
65.0 %
“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...
Development/Subdivisions
Maximum Loan-to-Value (LTV) for Development/Subdivisions in Comox:
50.0 %
“Got a client with subdivision dreams? Unfortunately we’ll probably say no…”
Look, we know you’ve got that client. The one with 5 acres in Kamloops who’s convinced they’re sitting on a goldmine once it’s subdivided. They’ve got the sketches. They’ve done the math. They just need a lender who “gets it.”
We get it. We just don’t do it anymore.
After 20 years of funding subdivisions across rura...
Equity Lending
Maximum Loan-to-Value (LTV) for Equity Lending in Comox:
65.0 %
“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 Comox:
65.0 %
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...