What is Capital GainS Tax? Capital gains in Canada refers to the appreciation in value of any asset or investment since its purchase. When you sell the asset such as a property, at a higher price than what you paid for it, the profit made from the sale is considered a capital gain. This applies to various types of properties including cottages, second homes, investment properties or rental units. So as a Realtor, understanding capital gains is crucial for effectively advising clients on their property transactions and investments. What are the changes coming to the Capital Gains Tax? Budget&nb ..read more

Little change in the housing market this Spring could mean a potential Buyers Market The Canadian real estate sector displayed minimal fluctuations in March 2024, with both home sales and prices maintaining a steady course. Transactions documented through Canadian MLS systems experienced a marginal uptick of 0.5 percent compared to the previous month, yet remained below the ten-year average. Similarly, the MLS Home Price Index (HPI) demonstrated marginal movement, dipping by 0.3 percent month-over-month. Analysts suggest that the current landscape, characterized by ele ..read more

Changes to the Capital Gain Tax in Canada What is a Capital Gain Tax Capital gains in Canada refer to the appreciation in value of any asset or investment since its purchase. When you sell the asset, such as property, at a higher price than what you paid for it, the profit made from the sale is considered a capital gain. This applies to various types of properties including cottages, second homes, investment properties, or rental units. So, as a realtor, understanding capital gains is crucial for effectively advising clients on their property transactions and investments. What are the changes ..read more

Victoria Market Report - April.2024 Supply still key to Victoria's housing market April 2, 2024  A total of 588 properties sold in the Victoria Real Estate Board region this March, 0.3 per cent fewer than the 590 properties sold in March 2023 but a 25.1 per cent increase from February 2024. Sales of condominiums were down 10.2 percent from March 2023 with 177 units sold. Sales of single family homes increased 1.8 percent from March 2023 with 286 sold. "We've concluded a rather quiet first quarter and are transitioning into the spring market," said 2024 Victoria Real Estate Board Chai ..read more

  Victoria Market Report - Mar.2024 More inventory means greater opportunity in Victoria real estate market March 1st, 2024 - A total of 470 properties sold in the Victoria Real Estate Board region this February, 2.2 per cent more than the 460 properties sold in February 2023 and a 37.8 per cent increase from January 2024. Sales of condominiums were down 5.6 per cent from February 2023 with 152 units sold. Sales of single family homes increased 1.8 per cent from February 2023 with 224 sold. “We saw glimmers of a start to the spring market over the course of February,” said 2024 Victo ..read more

Simple Changes For Significant Resale Value Enhancements in and around the home not only enhance your overall quality of life but also contribute to an increase in the property's value, particularly if you're contemplating a sale. Numerous factors can positively impact a homes value with the potential to elevate your home's worth. Consider the following key aspects when aiming to increase your property's value. Not all home improvement projects are equitable, so it is crucial to work with a real estate professional to determine what buyers want and what projects will give you a retur ..read more

The Selling ProcesS In the dynamic world of realestate, selling a property requires a strategic and comprehensive approach. As a dedicated professional in my field, my mission is to provide unparalleled services to my sellers, ensuring a seamless and successful selling experience. From strategic marketing to personalized guidance, here is a glimpse of the exceptional real estate services I offer to those looking to list their property with me.  Strategic Pricing Analysis Not all properties are the same and setting the right price is crucial to attract potential buyers and maximize returns ..read more

Victoria Market Report - Feb.2024 A balanced market means opportunity for buyers & sellers in Victoria February 1, 2024  A total of 341 properties sold in the Victoria Real Estate Board region this January, 22.7 per cent more than the 278 properties sold in January 2023 and a 3.6 per cent increase from December 2023. Sales of condominiums were up 10.9 per cent from January 2023 with 112 units sold. Sales of single family homes increased 35 per cent from January 2023 with 162 sold.  "Our housing market eased into the new year with a renewed sense of balance," said 2024 V ..read more

Victoria Market Report - Jan.2024 The 2023 Victoria real estate market year in review  A total of 329 properties sold in the Victoria Real Estate Board region this December, 2.8 per cent more than the 320 properties sold in December 2022 and a 16.5 per cent decrease from November 2023. Sales of condominiums were up 14.9 per cent from December 2022 with 108 units sold. Sales of single family homes increased 1.3 per cent from December 2022 with 158 sold. A grand total of 6,207 properties sold over the course of 2023, 8.77 per cent fewer than the 6,804 sold in 2022. “I’ve spoken a lot t ..read more

Homes Sold on Vancouver Island-2023 Its  been an exciting and interesting year  I have expanded my sales in Greater Victoria to reach deeper into the surrounding Gulf & Discovery islands. I have also worked further 'up island' since purchasing my recreational property on Quadra.  I sincerely want to thank all of my Buyers and Sellers who trusted me to represent them as their Realtor.  I am always grateful and very much appreciate your business As a wrap up to the end of 2023, I thought I would share with you some of the properties I've sold over this past year ..read more