No Change On the Horizon for the Victoria Real Estate Market
Posted on Dec 10, 2021 in Market Statistics - History
A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer than the 795 properties sold in November 2020 and 12.3 per cent fewer than the previous month of October. 236 condominiums sold, 5.2 per cent fewer than in the previous month of October. 276 single family homes sold, 18.6 per cent fewer than i...
Positive changes coming to CMHC First Time Home Buyers Program
Posted on May 05, 2021 in In the News
What are the changes?
The maximum total qualifying annual income will now be $150,000, which increase from $120,000.
An increase total borrowing amount...
How Does the New Financial Budgets Impact Housing in BC?
Posted on May 04, 2021 in In the News
Recently the Feds and the Province of BC released their Financial Budgets.
How does this impact local market housing?
FEDERAL BUDGET
- NO change to Capital Gains Tax
- A national, annual 1% tax on the value of non-resident, non-Canadian owned residential real estate that is considered to be vacant or underused, effective January 1, 2022.
- $4.4 billion for h...
What is a Bylaw Contravention Notice and how it can effect selling your home
Posted on Apr 21, 2021 in City Zoning & Bylaws
Save Energy at Home
Posted on Apr 06, 2021 in Facts on Home Ownership
I’m sure after this cold winter we have had this year and some of the heating bills that have arrived, I am sure some of you are already thinking about how to reduce and save energy. Energy inefficiencies in your home can really costly to you, but it doesn’t have to be that way, if you work towards optimizing some of these areas in your home, you’l...
Types of Home Inspections
Posted on Apr 06, 2021 in Appraisals & Home Inspections
You have a property on which you want to make an offer, then you may consider engaging the services of an expert to provide inspections and reports on important components of the desirable property.
These services may be engaged prior to you making an offer or, more commonly, you may make your offer subject to you receiving and being satisfied with...