Bank of Canada Raises Mortgage Rates
Posted on Mar 06, 2022 in In the News
On March 2 2022, the Bank of Canada increased its Overnight Lending Rate by 25 basis points, the first increase we’ve seen since the start of the pandemic.
The Central Bank had previously slashed the trend-setting rate by 150 basis points to support the economy, when the pandemic first started, bringing rates down to a historical low. However, with...
Sooke's First Modular Affordable Housing
Posted on Feb 20, 2022 in In the News
Nearly completed and long awaited, this beautiful complex built by NRB Modular Solutions boasts a 4 storey, 75 unit project located at 2170 Charters Road is the first example of modular methods where the homes are guilt off site.
This project began construction last February 2021. The project is in a partnership between the M’akola Housing Society...
Property Taxes in BC
Posted on Feb 09, 2022 in In the News
In British Columbia you can expect property and home ownership taxes to be extraordinary, since housing inequality is an accute phenomenon here on the West Coast. From basic property taxes, to Property Transfer tax when you purchase a home, or GST on new builds, you can also expect additional taxes for luxury homes over $3 million, taxes for foreig...
Winter To-Do Home Cleaning Checklist
Posted on Feb 09, 2022 in Interior Design & Home Remodeling
Winter season can be cold, gloomy with months of stormy weather, but it can also be a time for bold beginnings inside the home. Make the most of your month by clearing space in your home after the Christmas season by boosting warmth and dreaming up plans for the year ahead. Here are 12 to-dos to give your home a little mid winter boost.
Refresh Chil...
Hidden Costs With Home Remodels -What you need to know?
Posted on Feb 09, 2022 in Interior Design & Home Remodeling
After spending the main part of our life at home these last 2 years, suddenly you get the urge to renovate, redesign or remodel your home. Nothing worse than working from home and not feeling the zen in your life. Have you set a budget, finalized the design, and hired a reputable contractor with contractor insurance? Have you also taken into accoun...
2021 Victoria Real Estate Market in Review
Posted on Jan 14, 2022 in Market Statistics - History
A total of 438 properties sold in the Victoria Real Estate Board region this December, 30.6 per cent fewer than the 631 properties sold in December 2020 and a 32.9 per cent decrease from November 2021. Sales of condominiums were down 22.1 per cent from December 2020 with 152 units sold. Sales of single family homes decreased 34.1 per cent from Dece...