Shared Home Ownership specializes in making home ownership affordable by matching potential shared home owners and sellers for families in Victoria, BC!

Shared Home Ownership specializes in making home ownership affordable by matching potential shared home owners and sellers for families in Victoria, BC!

Shared home ownership opens doors for affordable housing in Victoria

Helping you meet the perfect homeowner match!

If you’re tired of renting and looking to purchase a home in Victoria, but aren’t sure how to afford the price tag – you’re not alone! And if you’re searching for answers, David Hale from Shared Home Ownership has the solutions.

“My vision for Shared Home Ownership is similar to a dating app, but rather than finding a romantic partner, we’re pairing up potential shared home owners and sellers,” explains David Hale, owner of Shared Home Ownership.

What is Shared Home Ownership?

By taking a house with a legal suite and selling it to two compatible people, couples or families, shared home ownership makes buying a home in Victoria more attainable.

“The average price of homes in the Greater Victoria area is $915,000, which I know falls outside of the budget of many. How do people get into the housing market if they can’t afford these price tags? What I’m proposing is the opportunity to share a house, which quite literally opens a lot more doors for housing opportunities,” notes Hale.

Shared home ownership creates new opportunities for home owners!

Shared home ownership creates new opportunities for home owners!

How does it work?

By selling a home to two separate parties, it can cut the cost of home ownership in half. As renting sees you paying off someone else’s mortgage, this alternative allows you to create some tenure and build equity.

Similar to dating apps, you choose the financially qualified individual you will partner with. An easy-to-follow templated system helps guide you through the process.

The rules of the partnership are outlined in a tight, enforceable legal agreement drawn out between all parties, ensuring legal rights and interests are protected. Here, you might see common areas designated, such as who gets use of the parking space in the garage. Sections for property expenses, like maintenance and repair, for example, are also included and the amount paid is based on the percentage of ownership.

One mortgage is split proportionately according to the amount of home and land shared, also known as unit entitlement in strata terms.

By matching potential shared home owners with sellers, it’s bringing more opportunities to the table!

Get one step closer to home ownership and visit them online, fill out a Buyer’s Compatibility Matching form or contact them directly today.

David Hale, owner of Shared Home Ownership and Realtor with Team 3000 Realty LTD, and his wife Judy Hale.

David Hale, owner of Shared Home Ownership and Realtor with Team 3000 Realty LTD, and his wife Judy Hale.

Just Posted

Traffic is backed up due to a crash on Highway 1. (Photo courtesy of Google Maps)
Traffic backs up on Highway 1 westbound in View Royal after crash

First responders are reportedly on the scene in View Royal

Rainbow trouts thrashing with life as they’re about to be transferred to the largest lake of their lives, even though it’s pretty small. These rainbows have a blue tinge because they matched the blue of their hatchery pen, but soon they’ll take on the green-browns of their new home at Lookout Lake. (Zoe Ducklow/News Staff)
VIDEO: Lookout Lake stocked with hatchery trout to delight of a seniors fishing club

The Cherish Trout Scouts made plans to come back fishing soon

A driver stopped by Saanich police following a road rage incident on April 15 was found to be impaired, in violation of a license restriction and in a damaged vehicle. They received a 90-day driving prohibition and a 30-day vehicle impound. (Saanich Police Traffic Safety Unit/Twitter)
Driver stopped on Pat Bay Highway after road rage reports fails breathalyzer test: police

Several witnesses reported driver to Saanich police, school officer intercepted

Police escorts for Victoria bylaw workers entering encampments in parks will continue for this month, after council approved a $25,000 budget request from VicPD. (Black Press Media file photo)
Victoria bylaw staff encampment work to include police escort through April

Taxpayers to see modest increase in property taxes for 2021

Victoria’s bylaw restricting businesses from providing most plastic checkout bags came into effect on April 15. (THE CANADIAN PRESS/Paul Chiasson)
Victoria’s bylaw banning plastic bags back in effect

The bylaw restricts businesses from providing most plastic checkout bags, charges for alternatives

A woman wears a protective face covering to help prevent the spread of COVID-19 as she walks past the emergency entrance of Vancouver General Hospital in Vancouver, B.C., Friday, April 9, 2021. COVID-19 cases have been on a steady increase in the province of British Columbia over the past week. THE CANADIAN PRESS/Jonathan Hayward
Top doctor warns B.C.’s daily cases could reach 3,000 as COVID hospitalizations surge

There are more than 400 people in hospital, with 125 of them in ICU

(Black Press Media file photo)
POLL: Do you have a plan in place in the event of a tsunami?

Tsunamis have claimed the lives of more than 250,000 people between 1998… Continue reading

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of April 13

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

The District of Sooke will continue to flower with Communities in Bloom. (Pixabay)
Sooke will bud but not bloom in provincial competition

Council scales back participation in Communities in Bloom

An armed officer walks outside Cerwydden Care on Cowichan Lake Road near Skinner Road Wednesday, April 14 around 5:30 p.m. (Kevin Rothbauer/Citizen)
Police standoff at Duncan apartment ends peacefully

Officers surround building as homeowner held in apartment for nearly four hours by adult son

Latest modelling by public health shows cases generated by COVID-19 infections into places where it can spread quickly. (B.C. Centre for Disease Control)
Industrial sites, pubs, restaurants driving COVID-19 spread in B.C.

Infection risk higher in offices, retail, warehouses, farms

Hwy. 4 was shut down in both directions for 10 hours on March 23 as a rock bluff was blasted as part of Kennedy Hill’s ongoing construction. Commuters can expect five more 10 hour closures on five consecutive Wednesdays beginning April 28. (Photo courtesy of Ministry of Transportation and Infrastructure)
Five 10-hour Pacific Rim highway closures planned in the next 6 weeks

Closures needed for rock blasting as part of the Kennedy Hill Safety Improvement project.

Bulldogs forward Stephen Castagna flips the puck into the Clippers zone during a game on Oct. 24. (ELENA RARDON / ALBERNI VALLEY NEWS)
Island BCHL game postponed due to ‘potential positive’ COVID-19 test

Nanaimo Clippers team suspends activities, players isolating pending further test results

Most Read