On Thursday, September 17 at 7:00 p.m., mortgage broker Kam Brar will join us for a live Q&A. We would like to focus the conversation on the mortgage and financing topics that matter most to our community. Let me know what you would like Kam to cover in this presentation. We will choose the most popular topic for this session. The Zoom link is below and you will also find it in the calendar for that evening. https://us02web.zoom.us/j/2508127277?pwd=VmlVRWRjUEZQSWJodXJLbzRIbmtoQT09&omn=83156177725 Thanks for participating. If you have another question, feel free to add it in the comments.

Hello fellow Skool members and Shared Home Ownership advocates! If you are interested in investing and living in a cabin on the property at 5168 Santa Clara we have a viewing today at 3:30. One of our community members, Nathalie, is interested in the main house at 5168 Santa Clara Avenue and would like to explore sharing the property with another person or couple who would occupy the cabin. As mentioned we will be viewing the property today, September 3, from 3:30 to 4:30 p.m. If you’re interested in tagging along and exploring this opportunity, please arrive promptly at 3:30. The MLS listing, floor plans and photographs are included below and can also be found in the pinned announcement. The ownership split would likely be somewhere between 65/35 and 75/25, depending on the relative value of the buildings and the agreed-upon use of the land—or, as we like to say, “to be determined.” 😉 I supply a 12 page joint venture agreement that covers every aspect of a "Shared Ownership Home", so you can feel comfortable in setting the rules and regulations in advance. You’re welcome to call me with any questions at 250-812-7277. David

Spousal buyouts: A mortgage option worth understanding Whether you are a friend of someone going through a separation, or the person navigating the separation yourself, there is something valuable here for you. A separation brings no shortage of difficult decisions, and one of the biggest is what to do with the family home. Selling and dividing the proceeds may be the right answer, but it is not the only one. If one spouse wants to stay, a spousal buyout may make it possible to purchase the other person’s share and place the home and mortgage in the remaining spouse’s name. To the friend who knows someone separating You may be the first person they turn to for a listening ear or practical advice. Sharing clear information about options like a spousal buyout can reduce overwhelm and help them see that keeping the family home is sometimes achievable. Pointing them toward experienced guidance early can make a meaningful difference at a stressful time. To the person going through a separation You do not have to figure this out alone. Experienced brokers and agents work with these situations regularly and can walk you through the numbers, the paperwork, and the realistic possibilities so you know what options exist. There are solutions available, and having the right support can bring a measure of certainty when so much else feels uncertain. More than a standard refinance In a conventional refinance, homeowners are generally limited to borrowing up to 80% of their home’s value. A qualifying spousal buyout may instead be treated as a purchase transaction, potentially allowing financing above that limit through an insured mortgage. For example, on a home valued at $600,000: - A conventional refinance would generally be limited to $480,000, or 80% of the home’s value. - - A qualifying spousal buyout could potentially provide up to $565,000 before the mortgage-insurance premium. - - That could make up to $85,000 in additional financing available to complete the buyout or address eligible joint debts included in the separation agreement. -

Hello fellow Skool members and Shared Home Ownership advocates! One of our community members, Nathalie, is interested in the main house at 5168 Santa Clara Avenue and would like to explore sharing the property with another person or couple who would occupy the cabin. We will be viewing the property on Thursday, September 3, from 3:30 to 4:30 p.m. If you’re interested in tagging along and exploring this opportunity, please arrive promptly at 3:30. The MLS listing, floor plans and photographs are included below and can also be found in the pinned announcement. The ownership split would likely be somewhere between 65/35 and 75/25, depending on the relative value of the buildings and the agreed-upon use of the land—or, as we like to say, “to be determined.” 😉 I supply a 12 page joint venture agreement that covers every aspect of a "Shared Ownership Home", so you can feel comfortable in setting the rules and regulations in advance. You’re welcome to call me with any questions at 250-812-7277. David https://portal.onehome.com/en-CA/share/1190588t06632

Hello Everyone I have decided to cancel the bi weekly events as advertised on the Skool calendar. The small room we have been gathering in will become a chocolate factory, so we will only have the large room available to us in the future. We will book that large room periodically when we have a special event, or if our community wants to have a personal meet and greet. Our next big event will be online via Zoom on September 17th at 7:00 PM. I am sending out this survey below to find out what types of topics we want to cover.