Sidney

Sidney sits on the southern tip of the Saanich Peninsula like a perfectly positioned retirement haven, where nearly half the population has crossed the 65-year mark and isn’t looking back. This waterfront community has mastered the art of aging gracefully — with a median age of 62, it’s become the place where Victoria-area professionals come to enjoy their golden years without giving up urban conveniences.

The numbers tell a compelling story for mortgage professionals. With 6,321 private dwellings split between single-family homes (34.8%) and apartments (29.5%), Sidney offers diverse lending opportunities across different property types. The 70% maximum LTV reflects the community’s exceptional stability and desirability, driven by waterfront access and that coveted Zone 9a climate that lets residents garden year-round.

What sets Sidney apart isn’t just the scenic boardwalk or proximity to Victoria — it’s the economic foundation built on healthcare, retail, and public administration that creates steady employment even in a retirement-focused community. The 4.7% unemployment rate speaks to this stability, while the $77,000 median household income reflects the financial security many residents have achieved.

Sidney’s transformation into a cultural hub centered around the Shaw Centre for the Salish Sea has elevated its profile beyond typical retirement communities. The annual Sidney Street Market and thriving bookstore scene create year-round activity that supports property values. For brokers working with clients seeking equity-based solutions or debt consolidation, Sidney’s combination of lifestyle appeal and economic stability makes it an ideal market where properties maintain strong resale potential regardless of lending circumstances.