Property Transfer Tax: BC Government Changes Thresholds

When buyers are out looking at condos and working on their budgets, they sometimes don’t always take into account the additional costs that can go with that purchase. For example, a buyer will have to account for any inspection costs, any mortgage closing costs, and the l...

Victoria Condos: How Can New Buyers Prepare?

The current market for Victoria condos is a frustrating one, for both the seasoned buyers and agents alike. Buyers are suffering from a lack of inventory, and when they do find a property they love, several other buyers are interested, too. [caption id="attachment_6696...

New Condo Development: The Otto

The OTTO, located on McKenzie Avenue between Saanich Road and Quadra Street, is a new condo development in Victoria, BC. With its unparalleled location and sleek modern design, these condos, lofts and townhomes are designed with you, the buyer, in mind. [caption id="at...

Secondary Suites: Oak Bay Looks to Legalize Rentals

This week, the district of Oak Bay announced that they were looking into the possibility of changing their long-standing rule against secondary suites. CBC News published an article on January 31 discussing the suburb’s intentions, quoting the Oak Bay mayor saying a recen...

Victoria Real Estate: CMHC Raises Risk Level

This morning, Canada Mortgage and Housing Corporation (CMHC) issued a red alert for the city of Victoria’s real estate market, putting the city on par with Vancouver and Toronto. The body will hold its “red warning” for the country as a whole, as well, “with prices in and...

Required Minimum Sizes: Micro-Condos Officially on the Way In?

This week at the semi-monthly council meeting, Victoria city council will discuss further the merits of eliminating the required minimum sizes and amending the zoning bylaws for condo units in the Victoria area. Right now, the only area of town that doesn’t have a minimum...

Is Greater Victoria Ready to Loosen Sizing Restrictions?

Our #CondoExpert Tony Zarsadias was featured on CHEK News yesterday discussing the upcoming meeting at City Hall that will decide whether they will loosen the sizing restrictions surrounding minimum-sized units. The trouble is that most lenders won't lend on properties...

Chinese Government: Will They Change the Game?

Starting July 1, 2017, the Chinese government will order financial institutions to declare any foreign and domestic transactions involving anything over 50,000 yuan (roughly $9,670 CAD). In light of the U.S. dollar gaining better traction and the uncertainty over the inco...

Listing Photos: How Important Are They?

When you put your home on the market, like with any new introduction, you have one chance to make an impression on your prospective buyers. According to a Google study, partnered with America’s national real estate association, they discovered that 90 percent of home buye...

Victoria Real Estate: A Record-Setting Year

As we move in to a new year, we look back at the past year and decide what we want to focus on in the year to come. Victoria Real Estate in 2016 broke records, and demand is forecasted to continue in the year ahead.  "As we expected, 2016 broke records in terms of the nu...
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