News Archive: November 2010

Supreme Court Decision on Leaky Condos

November 30, 2010 - 3:55pm

The Supreme Court of Canada has made a precedent setting decision that will could affect thousands of leaky-condo owners in B.C.

Canada’s top court unanimously ruled that an insurance company had a duty to defend legal actions for claims of water damage to suites in four Metro Vancouver housing co-ops: West Coast Community Homes, Burlington Heights, Hyland Park and Terra Nova Housing.

It opens the possibility that, for the first time, general contractors’ insurance companies will have to pay for faulty work done by subcontractors.

Congrats to Taylor

November 23, 2010 - 8:25pm

The Condo Group is so proud of our founder, Taylor Conroy, as he celebrates being named the Canada Country Manager of the Global Poverty Project. The Global Poverty Project is an Australian-founded non-profit organization with additional offices in the UK, the USA, and now Canada.

Our Obsession with Condos Hits the Web

November 23, 2010 - 8:19pm

We eat sleep and breathe condos, and are dedicated to providing unparalleled service. Web designer Neil Tran is no exception and brings a whole new spin to the online condo experience. As you've probably noticed firsthand, our website is unique, efficient, and relevant, three adjectives that could also be applied to Neil. With an extensive background in graphic design and a proficiency in web design that supercedes the majority, Neil takes creative to a new level and is constantly improving upon his own innovation.

Home Buyers Remain Cautious

November 22, 2010 - 3:40pm

Data from by the Victoria Real Estate Board show the number of homes and properties sales sold through the Multiple Listing Service during October hit 467. That was up 18 per cent from the 395 sales in September -- and the best sales total since July, but a sharp 37 per cent decline from the 742 sales in October of 2009. The average price for condominiums was $323,522 last month, up from $295,463 in September. The average for the last six months was $321,381. The median price for condominiums in October declined to $278,500.

BCREA Forecast

November 22, 2010 - 3:38pm

2011 forecast for home sales in Victoria is 6,500, which is a 4.8% increase from 2010F. Still well below 2009 (-15%) levels though. Interestingly, the price level of homes in 2011 is expected to drop 1.2% from 2010F to 495,000. This is still 3.8% higher than the 2009 avg price.


New Website Launch

November 1, 2010 - 3:29pm

As the Victoria real estate market begins an exciting turnaround, The Condo Group is leading the way, heading into the winter months with incredible momentum and ready to take on 2011 with force!