Courtenay sits at the intersection of mountains, ocean, and opportunity on Vancouver Island’s east coast. While other communities chase growth at any cost, this city has mastered something more valuable: the art of attracting people who actually want to stay.
The numbers tell a compelling story for mortgage professionals. With 28,420 residents and steady 10.8% growth, Courtenay has hit that sweet spot where demand creates stability without the volatility of boom-bust cycles. The median age of 48.8 years reflects a community where people arrive with equity and intention, not just dreams and debt.
Our maximum LTV here is 70% — reflecting Courtenay’s exceptional resale appeal and market stability. The city’s transformation from resource dependency to a service-based economy centered on healthcare, retail, and the permanent presence of CFB Comox creates multiple economic anchors. When one sector softens, others typically hold firm.
The real estate landscape favors security-minded lenders. Half the housing stock consists of single-detached homes, with apartments and row houses filling out a diverse but manageable market mix. The mild Zone 8a climate isn’t just pleasant for residents — it’s a practical advantage that extends construction seasons and reduces weather-related property maintenance issues.
Courtenay’s location delivers what retirees and equity-rich buyers seek: mountain skiing an hour away, ocean access at their doorstep, and Vancouver Island’s outdoor recreation network spreading in every direction. The city has cultivated an arts scene and community events calendar that keeps residents engaged year-round, building the social connections that make people reluctant to leave.
For brokers working with clients who need flexible lending solutions, Courtenay represents the kind of stable, desirable market where equity positions remain secure even when life gets complicated.
Our Mortgage Products Available in Courtenay
| Mortgage Product Name | Max LTV | Key Notes for Courtenay |
|---|---|---|
| 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 |
| Development/Subdivisions | 50.0% | 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 Courtenay:
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 Courtenay:
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 Courtenay:
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 Courtenay:
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...
Development/Subdivisions
Maximum Loan-to-Value (LTV) for Development/Subdivisions in Courtenay:
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 Courtenay:
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 Courtenay:
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...