With the prices of Comox Valley real estate and changes to the minimum requirement for deposits on homes, people are looking for creative solutions to find affordable housing. One option is co-owning property which, like all financial decisions should be weighed carefully. There are some definite advantages and disadvantages to using this strategy of becoming a homeowner. Shared ventures can be very successful, but there are also outcomes less than ideal that are worth considering before you make that decision. While having a positive attitude is important, being realistic about the challenges is equally valuable. Here are some tips to help you interview potential co-owners to make sure that all property co-owners would experience the benefits of owning a home.


Due Diligence First: If you're considering co-owning property, do your due diligence before you begin exploring any opportunities. With so many great properties available, it's easy to get excited by the potential of a home, especially if it meets all your criteria. Your desire to own a particular property could bias your decision of which partner to bring in, believing that you will be able to work through the differences later. Making the decision to co-own property based on your need of their resources, or because a property is likely to sell can lead to hasty decisions you may regret.


Comparing Lifestyle: Co-owning property involves shared planning, shared financial outcomes, as well as shared rights and responsibilities. Communication is key to make sure that everyone is on the same page. When you're interviewing potential home-owning partners, talk through a list of "what ifs" to make sure everyone's concerns are discussed along with an agreed plan of how to resolve issues that come up. Who will be living in the home? Will both owners be living there or just one? If co-owning a property also means sharing a living space, you will have to do some lifestyle comparisons to see if the match is truly compatible. Here are some hypothetical situations to consider:

  • What happens if one owner really enjoys socializing and entertaining while the other prefers peace and quiet?
  • What if one owner loves taking on big projects that take up considerable space in a shared workshop?
  • Maybe one owner really values having a tidy landscaped yard, but the other owner doesn't place a high value on the effort that goes into maintaining it.
  • What if the once single owner wants to invite their new partner to live with them... and they have a parrot!

You can see how easy it would be to add to this list, and how tensions could develop. If you plan to share the space, it's imperative to talk through lifestyle comparisons and to have a plan to work through differences.


Delegate Responsibilities: If the home you buy together is going to maintain or hopefully increase in value, regular home maintenance is a must. Buying a home together can mean affordable housing and affordable repairs. It's easy to breeze through the advantages of everything going well, but it's also worth your time to talk through the responsibilities as well. Even if all owners aren't living in the home, the maintenance should be a priority for all owners. One approach is to make a list of maintenance tasks in categories of frequency, and then talk about who will be responsible for ensuring they're completed. Include a plan to schedule time to talk about home maintenance issues every few months to make sure repairs are addressed in a timely manner. Having a regular time to talk about repairs can ensure that differences are worked through before they become conflicts.


Planning for the Future: Co-owning property means that both parties are responsible for the financial commitment and the consequences. We've mentioned a few points about choosing a compatible partner and maintaining a property, but what about the financial aspect? You should discuss long and short-term goals as well such as:

  • How will the mortgage debt be serviced? Will you share the cost of each mortgage payment, each make a bi-weekly payment, or alternate monthly payments?
  • How are repairs and maintenance going to be paid for?
  • Who pays for insurance and what coverage is best?
  • What if individual employment or health situations change?
  • How long do you plan to own the home?
  • What if only one party wants to sell?
  • How will each owner access the equity if they want to buy a different home?

Whatever you decide, it's vitally important to write down what you agree to and draw up a legally binding contract. That way, all parties have a signed document to refer to in case of disputes or conflict.


The Comox Valley is a dream location for many, and what would be better than sharing that adventure with friends or family? If you're thinking about co-owning property as an option toward affordable housing, you can't afford not to do your homework. If you can check due diligence off your list and are ready to look at listings, we're ready to get started! Give us a call!

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I have listed a new property at 330 MCLEOD STREET in COMOX.
Absolutely beautiful Zen inspired rancher in Comox, custom built in 2009 without compromise. High efficiency rating emphasizing green building materials, hot water on demand, advanced building technology, and thoughtful design. Ideal for empty nesters or the executive couple who enjoy entertaining or quiet, mellow evenings. Cathedral ceilings and open layout centered around a gourmet kitchen with Cherry wood cabinets, quartz counters, dark slate tiled floors and impressive kitchen island. The house has been freshly painted throughout. Gorgeously designed low maintenance landscaping in both the front and back yards with underground irrigation, pressed concrete driveway and convenient RV parking, pond, plus a detached workshop. This property is a peaceful paradise close to all downtown Comox has to offer.
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I have listed a new property at 1784 URQUHART AVE in COURTENAY.
This cozy affordable three bedroom one bathroom, 1,100 sqft rancher is waiting for you to make it your own. Perfect for a growing family or someone looking to downsize. The interior and exterior are freshly painted and has newer laminate floors, this lovely home is move in ready. There is tons of room for RV parking or space your toys, a shed in the back to hold all your gardening supplies, a big back deck perfect for summer evening entertainment, and a spacious yard with garden boxes in place for your own garden. The large fenced yard is bright and open with full sun exposure. Close to parks, bus routes and shopping nearby.
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I have listed a new property at 345 2300 MANSFIELD DRIVE in COURTENAY.
Delightful 1200 sq/ft penthouse 2 bed 2 bath condo in Trumpeters Landing ready for you to move in. This open concept unit features a great kitchen layout with island eating bar and pantry along with stainless steel appliances. The main living spaces flow seamlessly from the kitchen to a large dining /living room area featuring exposed beam vaulted ceilings. From this unit the expansive views of the Island Mountains will leave you breathless, it features two balconies one off the living space and one off the master bedroom. The large master suite has a 3 piece en-suite and loads of closet space. The second bedroom also has balcony access and with in suite laundry and 4 piece main bath you'll have all the space you need. You also have gated underground parking and a storage unit as well. There is even a guest suite that can be booked for your overnight guests.
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I have listed a new property at 3370 1ST STREET in CUMBERLAND.
Cumberland family home with legal suite. This 2017 sq/ft home features a great family home layout on the upper floor. The living room and dining room are open concept and a good sized kitchen leads on to the upper deck with ocean and coastal mountain views. The nice sized master bedroom has a walk-in closet and 3 piece en-suite. Also on this level you'll find two additional bedrooms and the 4 piece main bath. On the entry level the laundry and storage room is accessed from the generous foyer. Tucked away on the rear corner is a lovely large one bedroom suite with it's own private patio and separate meter. Perfect for the in-laws or as a mortgage helper you decide. The rear yard is private and large enough for any families trampoline or pool. Looking for that perfect location and all that the Cumberland experience has to offer your family, check this one out.
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I have listed a new property at 108 170 CENTENNIAL DRIVE in COURTENAY.
This terrific end unit 3 bedroom/2 bath townhome features eye pleasing decor and a terrific layout. The open plan lower level features hardwood and ceramic flooring. The kitchen is ergonomically designed to be a breeze for the chef in the home. The living room features a built in bar that will be perfect when the guets are over. The laundry is located on the main level and features a stackable washer and dryer. Upstairs there are two bedrooms and a nice sized master bedroom along with the main bath. Enjoy outdoor living on the 10'x14' patio overlooking your fenced rear yard. The unit has two 2 parking stalls right in front of the unit. Pets and rentals are allowed. Close to North Island College, shopping. Still covered by New Home Warranty.
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I have listed a new property at 2624 MERVILLE ROAD in MERVILLE.
Sweet 2000 sq ft home and lovely half acre property ready for someone to make it their own. Fully fenced yard is park-like and very private with meandering paths, beautiful perennial gardens and raised veggie boxes. Original hardwood flooring in living room and front bedroom and the unfinished basement is spacious and all set for your renovation ideas. Quiet and private yet close to the store for amenities and a fifteen minute drive to downtown Courtenay.
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I have listed a new property at 898 ELKHORN AVE in COURTENAY.
Pride of ownership shines through! This lovely 1,196 sq/ft 3 bedroom 2 bathroom rancher in East Courtenay is just what you are looking for. Perfect for those looking to downsize or just starting out. The open concept kitchen and dining area flows seamlessly through french doors to the covered out door patio spaces perfect for entertaining. The Master bedroom features a four piece ensuite and walk-in closet. The two additional bedrooms are perfect for overnight guests or a den/office. The heating has been updated from electric baseboard to a ductless heat pump. The grounds have been lovingly landscaped and are fully fenced to keep Fido safe. The potting shed, workshop and single car garage round out the package but don't miss the above ground pool to cool off in on those hot summer days.
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I have listed a new property at 205B 698 ASPEN ROAD in COMOX.
Renovated with style and flair this beautiful 2 bedroom condo is a dream. Move right in and hang your artwork & arrange your furniture; all has been done for you. New flooring, paint, appliances, kitchen counter tops, bathroom vanity, tub surround, light fixtures all in the past year. Natural light abounds in this lovely corner unit and spacious deck facing south on the peaceful side of the building with no traffic noise. Master bedroom has walk in closet. In suite laundry a bonus. An easy walk to shopping and close to all Comox has to offer, this beautiful apartment is ready for a new owner. Rentals and one pet allowed. No age restrictions. Strata fees are $204/ month.
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Please visit our Open House at 4208 REMI PLACE in COURTENAY.
Open House on Saturday, June 22, 2019 12:00PM - 2:00PM
Come and view the latest home plan from Brando Construction! The Valdes plan is an outstanding 4 bedroom plus den layout along with 3 baths, 2467 sq/ft two story family home. On the main floor there is a den and living room at the front of the home and an open concept family room/dining room/kitchen area. The kitchen features quartz counter tops with a expansive eating bar section and a generous pantry as well. Upstairs there are three bedrooms for the kids and a large master with walk in closet and ensuite. The garage also features a large workshop space as well. Situated on a cul de sac the location is perfect for kids. Bring the family to this great neighbourhood, located in the popular Ridge subdivision. Sprinklers, landscaping, and kitchen appliance package included.
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Please visit our Open House at 4208 REMI PLACE in COURTENAY.
Open House on Saturday, June 15, 2019 12:00PM - 2:00PM
Come and view the latest home plan from Brando Construction! The Valdes plan is an outstanding 4 bedroom plus den layout along with 3 baths, 2467 sq/ft two story family home. On the main floor there is a den and living room at the front of the home and an open concept family room/dining room/kitchen area. The kitchen features quartz counter tops with a expansive eating bar section and a generous pantry as well. Upstairs there are three bedrooms for the kids and a large master with walk in closet and ensuite. The garage also features a large workshop space as well. Situated on a cul de sac the location is perfect for kids. Bring the family to this great neighbourhood, located in the popular Ridge subdivision. Sprinklers, landscaping, and kitchen appliance package included.
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Please visit our Open House at 4055 CHANCELLOR CRES in COURTENAY.
Open House on Saturday, June 15, 2019 12:00PM - 2:00PM
Nearly new rancher with no GST! This outstanding floor plan offers a 3-bedroom, 2 bath, 1,878 sqft layout, perfect for young families or those looking to downsize. The oversized entrance leads into the open concept great room with well appointed kitchen, dining and living areas, featuring a ledgestone wrapped natural gas fireplace. The large master bedroom features a walk-through closet leading to a gorgeous 5-piece en-suite with a luxurious soaker tub, and a glass enclosed stand-alone tiled shower. You will also find two large bedrooms perfect for overnight guests. The covered rear patio is perfect for summertime BBQ's with friends and family. Other features include a fully landscaped and fenced backyard, hardi-plank siding, and heat pump. The double car garage with additional parking provides ample space for all your needs. The Ridge development is the place to be for 360-degree views of mountain and ocean, but is just minutes away from town, forest trails, major shopping centres as well as quick access to the highway.
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Please visit our Open House at 4208 REMI PLACE in COURTENAY.
Open House on Saturday, June 8, 2019 12:00PM - 2:00PM
Come and view the latest home plan from Brando Construction! The Valdes plan is an outstanding 4 bedroom plus den layout along with 3 baths, 2467 sq/ft two story family home. On the main floor there is a den and living room at the front of the home and an open concept family room/dining room/kitchen area. The kitchen features quartz counter tops with a expansive eating bar section and a generous pantry as well. Upstairs there are three bedrooms for the kids and a large master with walk in closet and ensuite. The garage also features a large workshop space as well. Situated on a cul de sac the location is perfect for kids. Bring the family to this great neighbourhood, located in the popular Ridge subdivision. Sprinklers, landscaping, and kitchen appliance package included.
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I have listed a new property at 51 1957 GUTHRIE ROAD in COMOX.
Looking to invest, or get your foot in the door as a first time buyer? Look no further, this unit is ground level entry, family orients and pet friendly. This home boasts a 2 piece bathroom on the main floor and a spacious open concept living and dining area that leads onto a private patio and fenced yard, and a gate leading to open green space. On the upper floor you will find a generous sized master bedroom with extra closets, two additional bedrooms and a 4-piece main bathroom. Plateau Gardens is located within walking distance to shopping, pharmacies, banks, grocery store and restaurants! Plenty of schools nearby as well as the city bus route.
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I have listed a new property at 4208 REMI PLACE in COURTENAY.
Come and view the latest home plan from Brando Construction! The Valdes plan is an outstanding 4 bedroom plus den layout along with 3 baths, 2467 sq/ft two story family home. On the main floor there is a den and living room at the front of the home and an open concept family room/dining room/kitchen area. Upstairs there are three bedrooms for the kids and a large master with walk in closet and ensuite. The garage also features a large workshop space as well. Situated on a cul de sac the location is perfect for kids. Bring the family to this great neighbourhood, located in the popular Ridge subdivision. Sprinklers, landscaping package, and kitchen appliance package included.
Read full post

Please visit our Open House at 4208 REMI PLACE in COURTENAY.
Open House on Saturday, June 1, 2019 12:00PM - 2:00PM
Come and view the latest home plan from Brando Construction! The Valdes plan is an outstanding 4 bedroom plus den layout along with 3 baths, 2467 sq/ft two story family home. On the main floor there is a den and living room at the front of the home and an open concept family room/dining room/kitchen area. Upstairs there are three bedrooms for the kids and a large master with walk in closet and ensuite. The garage also features a large workshop space as well. Situated on a cul de sac the location is perfect for kids. Bring the family to this great neighbourhood, located in the popular Ridge subdivision. Sprinklers, landscaping package, and kitchen appliance package included.
Read full post

Please visit our Open House at 4208 REMI PLACE in COURTENAY.
Open House on Saturday, June 1, 2019 12:00PM - 2:00PM
Come and view the latest home plan from Brando Construction! The Valdes plan is an outstanding 4 bedroom plus den layout along with 3 baths, 2467 sq/ft two story family home. On the main floor there is a den and living room at the front of the home and an open concept family room/dining room/kitchen area. Upstairs there are three bedrooms for the kids and a large master with walk in closet and ensuite. The garage also features a large workshop space as well. Situated on a cul de sac the location is perfect for kids. Bring the family to this great neighbourhood, located in the popular Ridge subdivision.
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I have listed a new property at 287 KYE BAY ROAD in COMOX.
This lot has over an acre of space with multiple sites for constructing a larger home. There is a lovely new 712 sqn/ft one bedroom 1 bath home. The "Aria" model has an open plan with vaulted ceilings giving the home a much larger feel. This home is locally built in a quality controlled environment and assembled on site with a full foundation with crawl space. The lot has be leveled and fill has been placed ready for your dream home but still retains enough mature trees to ensure your privacy. The best part is, if you want to relocate the home elsewhere on the property the modular design allows the home to be separated into the three modules and moved anywhere you want a guest cottage or can be sold and transported to another location. A drilled well is in place and a new septic system as well. Located minutes to Kye Bay Park and Point Holmes area.
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I have listed a new property at 307C 698 ASPEN ROAD in COMOX.
Great Comox Location! This 872 SqFt 2-bedroom, 1 bath top floor condo has in suite laundry and storage room, as well as an open concept living area. The bright and open kitchen has newer countertops and dishwasher. The main living room has a sliding glass door leading out to the patio with southern exposure and lovely views of the Comox Glacier. Walking distance to Quality Foods shopping Centre, the new Land & Sea Brewing Pub, banking, bus route, recreation and numerous other amenities. Perfect for a first-time buyer, or someone looking to downsize.
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I have listed a new property at 4043 CHANCELLOR CRES in COURTENAY.
This delightful 1622sq/ft rancher, features a pleasing 3bd/2bth open plan layout. This nearly new 2.5 yr old home has a terrific young family or downsizers floorplan. The great room open concept living spaces feature 11ft ceilings and are perfect for entertaining or family living. The master bedroom features a walk thru closet and 4 pc ensuite with a large glass enclosed tile shower. The additional two bedrooms flank the main bath, perfect for the kids or overnight guests. The back patio has a new Dalron covered awning and the rear yard is fully fenced. The property is fully landscaped with inground sprinkler system. Everything is done ready for you to move in and no GST! The Ridge is close to shopping and service and features great view of the Coast Mountains and Comox Harbour.
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