CURRENT INTEREST RATES Strata Tip of the Week - When Bylaw Packages get Confusing 1. Understanding Strata Bylaws Strata bylaws are regulations that help govern the management, maintenance, and use of shared property and facilities in a strata development. They help maintain harmony and safeguard property values. 2. The Challenge with Some Bylaw Packages Unfortunately, some strata corporations have bylaw packages that are hard to understand. This complexity can be confusing for everyone, from current residents to potentia ..read more

  CURRENT INTEREST RATES ? JUST LISTED ? Check out this awesome condo in #Victoria  that just hit the market in #jamesbay near the ocean at Dallas Road and Downtown.   ?   1 Bedroom ?   1 Bathroom ?   630 SQFT ?   Seasonal Pool   ⬇️ Click below for all photos & details ⬇️ IN CASE YOU MISSED IT... MORE REAL ESTATE NEWS Economists see 'turning ..read more

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  As the year draws to a close, I wanted to take a moment to reflect on the past twelve months. Beyond the world of real estate and mortgages, 2023 has been a year filled with personal milestones, joyous occasions, and cherished memories with family. One of the highlights that stands out for me is the unforgettable Whistler snowboarding experience. Sharing the slopes with the father of a snowboard olympian and even capturing some jump videos made for an exhilarating adventure, one that will be etched in my memory for years to come. A surprising and heartwarm ..read more

  CURRENT INTEREST RATES IN CASE YOU MISSED IT... MORE REAL ESTATE NEWS   Canadian Housing Markets Bottoming - Dr. Sherry Cooper Homebuyers are finally feeling relief now that soaring mortgage rates have reversed and monthly payments are at their lowest level in 8 months (Yahoo Finance) Home prices continue to fall under the weight of high interest rates, but affordability not improving (C ..read more

  CURRENT INTEREST RATES IN CASE YOU MISSED IT... MORE REAL ESTATE NEWS First Home Savings Account (FHSA) Make your contribution before year end First-Time Home Buyers' Tax Credit (HBTC) Victoria Times Colonist - Federal government to use tax system to make short-term rentals less lucrative for operators: report ..read more

  Interest rates a large factor in Victoria real estate market A total of 407 properties sold in the Victoria Real Estate Board region this October, 15.2 per cent fewer than the 480 properties sold in October 2022 and a 17.4 per cent decrease from September 2023. Sales of condominiums were down 7.2 per cent from October 2022 with 141 units sold. Sales of single family homes decreased 16.1 per cent from October 2022 with 193 sold. “Overall, property sales drifted down in October compared to the previous month, likely due to consum ..read more

    ? #SOLD ? This beautiful property just sold in multiple offers using our creative and effecitive marketing strategies.  Congrats to our amazing clients for putting their trust in us! ? ? Interested in knowing what homes are going for in your neighbourhood ? ?  ⬇ Click below to find out! ⬇  https://www.homevictoria.com/search/results/606/?&sort_latest=true  ..read more

  When a Buyer Makes an Offer, What Happens Next? Imagine you’re selling your home and an offer from a buyer comes in. You’re excited. Your home might soon be sold! What happens next? Typically, we will review the offer together. There will likely be several things about the offer that need to be carefully considered. The most common are: The offer price. Evidence the buyer is financially able to purchase the property. Conditions on the offer, if any. If the offer price is far less than you anticipated, there might be a ..read more

   Victoria Real Estate Market Needs Better Mix of Housing Supply to Help Restore Balance  Victoria real estate market needs better mix of housing supply to help restore balance A total of 544 properties sold in the Victoria Real Estate Board region this August, 13.8 per cent more than the 478 properties sold in August 2022 and an 8.6 per cent decrease from July 2023. Sales of condominiums were up 10.8 per cent from August 2022 with 164 units sold. Sales of single family homes increased 9.6 per cent from Augus ..read more