Let me know if you need any help with this, and please tell the Open House Realtor you are working with me. That way they will know your real Estate needs are being taken care of. Victoria-Shareable Homes-Open Houses Westshore-Sharable Homes-Open Houses Also these links are posted in the Calendar Tab, and can be copied and pasted on your desktop for convenience. David Hale 250-812-7277 (Text or Voice)

OPEN HOUSE NOV 8TH 11-12:30. (Tell them I sent you.) This spacious 5bed, 3bath home in the heart of Brentwood Bay offers comfortable living space on a fully fenced lot. Main level features bright, functional floor plan with a large kitchen complete with shaker-style cabinetry, stainless steel appliances, gas stove, 3beds located down a hall for separation, large living room with a cozy woodstove, dining area, and a large recreation room/sunroom with access to the sunny south-facing rear deck. The primary bedroom includes a convenient 2piece ensuite and there is a washer/dryer combo upstairs for separate laundry option. Downstairs is a 1050 sq ft 2 bedroom suite, that has brand new carpets, freshly painted, and has living room, 3-piece bath, kitchen and laundry with a gas dryer. Important updates include a roof and gas furnace in 2018, hot water tank in 2026. Workshop with 2 work benches. Great family home with plenty of space, a private back yard and excellent location just a short stroll to the shops, restaurants, schools & amenities. Based on square footage you would split Percentage Ownership - Upper suite: 1,586÷2,750=57.67% - Lower suite: 1,164÷2,750=42.33% Applied to the purchase price: - Upper suite: 57.67% = $605,966 - Lower suite: 42.33% = $444,034 https://portal.onehome.com/en-CA/share/1207131y25968 See attachments.

Why opening a FHSA before year-end could help If buying your first home is on your list of goals, there’s one step worth considering before the year ends, even if you’re still years away from house hunting. Opening a First Home Savings Account (FHSA) before December 31 could give you more room to save next year. And if you already own your home, this may be a good reminder to pass along to your adult children. Why opening an account now can help A FHSA lets you save for a first home with two benefits: contributions are generally tax-deductible, and qualifying withdrawals are tax-free. You can contribute up to $8,000 annually, to a lifetime maximum of $40,000. The detail that’s easy to miss is that contribution room only starts building once you open your first account. For example: •Open a FHSA in 2026 and contribute nothing, and you could have $16,000 in available room in 2027.•Wait until January 2027 to open one, and you would start with $8,000 that year. So, even if you don’t have money to put aside right now, opening an account could give you a head start. Just remember that you can carry forward a maximum of $8,000 in unused room; it doesn’t keep building indefinitely. Could your children benefit, too? If your children are starting to earn and save, they may be eligible to open a FHSA, provided they’re Canadian residents, meet the first-time buyer requirements and are at least 18, or 19 in some provinces and territories. If you’d like to help, you can gift money for them to contribute, within their available room, and they can claim the tax deduction. Before opening an account, consider their likely buying timeline, since doing so starts the FHSA’s maximum 15-year participation period. A few tips before December 31 If you already have a FHSA, remember that December 31 is the contribution deadline for a deduction for that tax year. Unlike RRSPs, contributions made early next year can’t be deducted for the previous year. You can also save the deduction for later. If you’re studying or early in your career, claiming it in a future year when you earn more may be more valuable.

Hello...... We've had some interesting people join recently, so stop what you are doing for 30 minutes and let's check in to see who's new in our Skool Community, or who wants to meet other people. There's lots to talk about like for instance someone who just joined that wants partners to start a raw milk farm on the lower Island. Let's start meeting each other. Use this link to meet up..... https://us02web.zoom.us/j/86950845232?pwd=yG

The Bank of Canada raised its policy rate by 0.25 percentage points today, bringing it to 2.50%. If you have a mortgage or a line of credit, you may be wondering how the decision will affect you. If you have a variable-rate mortgage, your rate will rise if your lender increases its prime rate. Depending on how your mortgage is set up, that could mean a higher regular payment. If you have a fixed-payment variable-rate mortgage, your payment may initially stay the same, with more going toward interest and less toward principal. If your mortgage reaches its trigger rate, however, your lender may require you to increase your payment. Interest rates on home equity lines of credit (HELOCs) and other lines of credit tied to prime will also rise when lenders increase their prime rates. If you have a fixed-rate mortgage, your rate and payment won’t change during your current term. Rates offered on new fixed mortgages can still move, although they don’t automatically follow changes to the Bank’s policy rate. I know a rate increase can raise questions, especially if you’re planning to renew or make a move. If you’d like to talk through your situation and what options may be available, please reach out. I’m happy to help. - Moriah Rose [email protected]