2015 Pauls Terr

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

suite rent

$1,860/mo

your cost after the suite

$7,668/mo

vs $9,379 without it

Costs: mortgage $8,358 · tax $846 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Saanich: CMHC's average there ($1,594) raised by what new tenants pay against everyone in the Victoria area, then down 1% with Victoria's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Catchment schools, Greater Victoria School District 61

• Elementary Hillcrest Elementaryhomes in this catchment

  600 m away · 4421 Greentree Terr, Victoria · 250-477-7273

• Middle Gordon Head Middlehomes in this catchment

  1.8 km away · 1671 Kenmore Rd, Victoria · 250-477-1855

• Secondary Lambrick Park Secondaryhomes in this catchment

  2.0 km away · 4139 Torquay Dr, Victoria · 250-477-0181

From the Greater Victoria School District 61's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.