Metchosin represents something increasingly rare in British Columbia — genuine rural living just 30 minutes from a major city. This southwestern tip of Vancouver Island has mastered the art of staying agricultural while Victoria sprawls in every other direction.
The numbers tell a compelling story for mortgage brokers. With a median household income of $104,000 and 70% maximum LTV available, Metchosin attracts buyers who’ve done well elsewhere and want space to breathe. Nearly 78% of housing consists of single-detached homes on larger lots, exactly what you’d expect in a community that’s fought to maintain its rural character through protective zoning.
The demographics reveal Metchosin’s true appeal — 26% of residents are seniors, many drawn by the mild Zone 9a climate that lets them garden year-round. This isn’t retirement by accident; it’s retirement by design. The moderate population growth of 7.6% suggests steady demand without the speculation frenzy that plagues communities closer to Vancouver.
What makes Metchosin different? It’s one of the few places left where you can legally keep horses, chickens, and other livestock within commuting distance of downtown Victoria. The Metchosin Farmers Market has become legendary among Island foodies, and the community’s network of trails connects to some of the most spectacular ocean viewpoints on the West Coast.
For brokers, Metchosin clients often need creative solutions. Many properties come with acreage, outbuildings, or unique features that don’t fit standard lending boxes. The construction industry employs 15% of residents, suggesting ongoing development and renovation activity that creates opportunities for bridge financing and renovation mortgages.
The economic foundation stays solid with government jobs, healthcare, and education providing stability while the rural lifestyle attracts entrepreneurs and remote workers who’ve discovered they can have both career success and morning coffee with ocean views.
Nearest Hospital
Our Mortgage Products Available in Metchosin
| Mortgage Product Name | Max LTV | Key Notes for Metchosin |
|---|---|---|
| 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 Metchosin:
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 Metchosin:
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 Metchosin:
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 Metchosin:
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 Metchosin:
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 Metchosin:
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...