Personalized for
Your townhomeLive Bigger for Less
A strategy used by multiple South Island homeowners in the last 9 months — made possible by a lending partner most brokers don't know about. This program could close at any time.
See if the numbers work for you
Move the sliders to match your situation — takes about 60 seconds.
Your current townhome
Estimated home value $650,000
South Island townhomes currently averaging $620–$750k
Remaining mortgage balance $420,000
Current mortgage rate 3.2%
Locked in 2020–2022? You're likely in the 2–3% range.
Current monthly payment $2,100/mo
Months until renewal 18 months
Target purchase price $850,000
South Island detached with suite currently $780k–$1.1M
Suite rental income $1,900/mo
No suite
1 bed · $1,900–$2,200
2 bed · $2,200–$2,500
Drag to $0 if no suite — or adjust to match your expected rental income
Your upgrade snapshot
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Estimated equity
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Payment jump at renewal
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Suite rental income
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Your net monthly cost
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How the math works
Estimated equity—
Target home price—
New mortgage (est.)—
New monthly payment—
Suite income offset—
Your actual monthly cost—
vs. renewing your townhome—
Why this works when the banks say no: Our lending partner uses a qualification method that counts suite rental income far more favourably than major banks — most homeowners qualify for significantly more than a standard pre-approval shows.
Real results from your area
1
Langford townhome → Colwood detached
Couple approaching renewal. Bought 4-bed with legal suite. Suite rent offset the new mortgage payment.
Now paying $340/mo less than before
2
Langford townhome → Langford detached
Single owner, 14 months to renewal. Moved into a 3-bed with suite on the same street. Suite covered most of the new mortgage.
Upgraded for $180/mo more — suite pays the gap
3
Saanich townhome → View Royal detached
Family needed more space. Lender counted 100% of suite income toward qualification — approved for far more than expected.
Qualified for $180k more than expected
Next step
Want Chris to run the real numbers for your address and connect you with our lending partner?
No obligation. Chris reaches out within 24h — not a bot. Your info stays private.
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✓ 250-858-5599
The calculations on this page are estimates only and are provided for illustrative purposes. They do not constitute financial, mortgage, or legal advice. Chris Cochrane is a licensed REALTOR® with eXp Realty and is not a mortgage broker or financial advisor. Mortgage qualification figures and rental income projections are based on data provided by our lending partner and are subject to change. Always consult a licensed mortgage professional before making any financial decisions. Not intended to solicit sellers currently under contract.