Personalized for
Your townhomeLive Bigger for Less
Multiple South Island homeowners have upgraded to a detached home with a suite — and lowered their monthly costs doing it.
This program could close at any time.
See if the numbers work for you
Adjust the sliders — takes 60 seconds.
Your current townhome
Your estimate of home value $1,000,000
Greater Victoria townhome average — $840,175
Mortgage balance owed $520,000
Current monthly payment $2,300/mo
Payment shock at renewal
What you pay now
$2,300/mo
Estimated renewal payment
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Monthly increase at renewal
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Months until renewal 18 months
Strata fees $450/mo
Included in your true monthly cost
Clear up Consumer Debt $0
Est. minimum payment at 3%/mo of balance (~$1,500/mo on $50k)
Target price $950,000
South Island detached with suite — $850k–$1.2M
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
Sending Results + Case Studies + Mortgage Comparison to
Your upgrade snapshot
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Stay & renew — true cost
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Upgrade — true cost
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Estimated equity
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Why this works when the banks say no: Our lending partner 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 → Colwood detached
Couple near renewal. Bought 4-bed with suite. Suite rent offset the new mortgage.
Paying $340/mo less than before
2
Langford → Langford detached
Single owner, 14 months to renewal. Same street, 3-bed with suite. Suite covered most of the mortgage.
Upgraded for $180/mo more — suite pays gap
3
Saanich → View Royal detached
Family needed space. Lender counted 100% of suite income — approved for far more than expected.
Qualified for $180k more than expected
Next step
Want Chris to run the real numbers and connect you with our lending partner?
No obligation. Chris reaches out within 24h. Your info stays private.
✓ No spam
✓ Local Victoria agent
✓ 250-858-5599
Calculations are estimates for illustrative purposes only and do not constitute financial, mortgage, or legal advice. Chris Cochrane is a licensed REALTOR® with eXp Realty — 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. Consult a licensed mortgage professional before making financial decisions. Not intended to solicit sellers currently under contract.
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