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A picture of the District municipality of Sooke.

Sooke

Lending guidelines for Sooke, British Columbia

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Max Loan To Value:
50%
Details
2021 Population
15,086
16.0% growth
Tim Hortons?
2 locations
Costco?
1 location
Nearest Hospital
24.0 km away
Stop Lights?
4 intersections (Show on Map)
Median Household Income
$90,000
Land Area
56.6 Km²
266.6 people/km²
Employment Rate
57.6%
Avg Commute
35 min

Sooke sits where Vancouver Island meets the wild Pacific, drawing people who want oceanfront living without the urban price tag. This former logging town has transformed into a haven for artists, retirees, and anyone seeking that elusive work-life balance that actually works.

The numbers tell a compelling story: 16% population growth since 2016 signals genuine demand, not just speculation. With a median age of 44.8 years and over 20% seniors, Sooke attracts established residents with equity to deploy. These aren’t first-time buyers stretching for payments—they’re people making lifestyle choices with financial backing.

Sooke’s housing market reflects this maturity. Single-detached homes dominate at 62.3%, creating the suburban feel many seek when leaving urban centers. The $90,000 median household income might seem modest, but it misses the bigger picture: many residents arrive with substantial equity from selling Vancouver or Victoria properties, then purchase here for lifestyle rather than employment.

The economy shows smart diversification across construction, public administration, and retail—sectors that serve local needs rather than export markets. This creates stability during broader economic shifts. Construction leading at 13.5% employment suggests ongoing development to meet that population growth.

Geography gives Sooke its edge. The Juan de Fuca Trail attracts hikers from around the world, while the coastline offers everything from storm watching to salmon fishing. Climate zone 8b means gardening year-round and outdoor activities in conditions that would shut down most Canadian communities.

For mortgage brokers, Sooke represents opportunity. Clients here often need bridge financing while selling mainland properties, debt consolidation after major life changes, or equity access for renovations on character homes. Our 70% maximum LTV recognizes Sooke’s strong resale market—properties here sell to lifestyle buyers even during downturns, making recovery scenarios predictable.

The arts community adds unexpected depth. Local galleries and studios create cultural draw that extends beyond typical bedroom community appeal, supporting property values through destination appeal rather than just commuter convenience.

2021 Population
15,086
16.0% growth
Median Age
44
Tim Hortons Per 1000 People
0.13 (2 locations)
Costco Per 1000 People
0.07 (1 location)
Driving Time to
Nearest Hospital
32 minutes
Traffic Lights Per 1000 People
0.27 (4 intersections)
Median Household Income
$90,000
Land Area
56.6 Km²
266.6 people/km²
Employment Rate
57.6%
Avg Commute
35 min
Restaurants
28 restaurants 1.86 per 1000 people

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