Port Alberni

Port Alberni sits at the head of a 42-kilometer inlet, making it one of the deepest natural harbors on Vancouver Island. This geography created the “Salmon Capital of the World” designation that still draws sport fishermen from across North America. The Somass River system here produces some of the largest chinook salmon runs on the coast, and that’s not marketing fluff—the world record chinook was caught just offshore.

The town’s economy has weathered the forestry downturn better than many expected. Healthcare now employs nearly 19% of the workforce, while retail and construction round out a surprisingly diverse economic base. The median household income of $62,800 reflects this stability, though the 9.9% unemployment rate shows the transition isn’t complete.

What makes Port Alberni compelling for mortgage opportunities is its unique position as Vancouver Island’s gateway to the wild west coast. Pacific Rim National Park sits just an hour away, and the town serves as the staging ground for Tofino and Ucluelet adventures. This creates consistent tourism traffic and a steady stream of people who visit, fall in love with the area, and decide to stay.

The housing market tells an interesting story: 67.8% single-detached homes in a community where the median age hits 49.2 years. That’s a lot of established homeowners with significant equity positions. The 65% maximum LTV we offer here reflects both the community’s stability and the practical realities of a smaller Vancouver Island market.

Port Alberni’s transformation from resource-dependent mill town to outdoor recreation hub continues steadily. The inlet provides year-round boating access, while Cathedral Grove’s ancient Douglas firs sit practically next door. For brokers working with clients seeking island lifestyle without island prices, Port Alberni delivers both opportunity and equity safety.