Fernie

Fernie sits at the edge of the Canadian Rockies where coal mining built fortunes and world-class skiing keeps them coming. This isn’t your typical mountain town that relies solely on seasonal tourism — mining still drives 16.9% of the local economy, creating a rare stability that most resort communities can’t match.

The numbers tell a compelling story. With a median household income of $107,000 and 73.3% of residents holding post-secondary education, Fernie attracts professionals who choose mountain living without sacrificing earning potential. The population jumped 17.1% since 2016, yet housing remains dominated by single-detached homes at 62.4%, suggesting people come here to stay, not just visit.

What makes Fernie different is its dual personality. During winter, Fernie Alpine Resort draws powder hounds from across North America — the area receives some of the deepest, most consistent snowfall in the Rockies. Come summer, the same terrain transforms into mountain biking and hiking paradise. This year-round appeal creates steady property demand from both permanent residents and vacation home buyers.

The climate data reveals something fascinating: Fernie has warmed significantly over recent decades, extending the growing season and making year-round living more appealing. Combined with the town’s location along the Elk River and surrounded by five mountain ranges, it’s becoming a magnet for retirees and remote workers seeking lifestyle over convenience.

Mining heritage runs deep here — Fernie’s coal seams powered western Canada’s development, and that industrial backbone still provides economic stability other mountain towns lack. The diversification into tourism and services (13.6% accommodation/food services) creates multiple income streams for residents.

For mortgage brokers, Fernie represents solid lending territory. The combination of resource industry wages, tourism income, and lifestyle migration creates borrowers with equity and motivation to secure financing. Our maximum LTV of 60% reflects the strong fundamentals while accounting for the smaller market size. Properties here aren’t just homes — they’re lifestyle investments in one of BC’s most dramatically beautiful settings.