Condo Living

Let’s pretend for a second that you are driving down the street in your car, obeying all the traffic laws, when you get t-boned by a big truck that sped through a red light. A week later you are ok, but you won’t be able to go back to work for a year. What’s not okay is that the truck driver is claiming he did nothing wrong, and doesn’t want you to get a dime. 

Vacation Rentals seem to be a popular thing in Victoria because of two main things: our Great Weather!!! and the amount of money people can get for their condo in peak times of the year. The city has zoning in place on a number of city blocks downtown that allow for Vacation Rentals, for example, The Corozan, Mermaid Warf, and The Leiser Building offer this zoning and the ability to do this. There are number of others as well, so I encourage you to check out this great website if you're interested.

This a very common question asked by buyers looking to either buy in a building that is strictly owner occupied, looking for flexibility if their situation changes and they need to rent their condo out, or strictly for investment. Now the quickest answer I can give is that every strata is different, and looking through and reading the strata documents is key to deciding on whether to purchase the condo or not.

Not everyone, Realtors included, is aware of exactly how much you can actually search for on mls through a Realtor. Helping condo buyers, we are often asked to set much more specific search parameters than a house search, which helps clients narrow down what they’re looking for. Can you search according to building? Yes. Steel and concrete buildings only? Yes. What else? Here’s a little list of things you can use to refine your search.