I often get asked; which of 3 funding scenario did the strata choose? This question inevitability comes up when working with condo purchasers. They often don’t like what I have to say – none of them. The depreciation report is a provincially mandated report that does a review of the physical and financial health of […]
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Why don’t developers build affordable housing? The most common misguided refrain I hear in debates about housing affordability is the following: The problem is that these developers aren’t building any affordable homes, only luxury. They need to build homes that working-class people can afford. Imagine if we asked the same thing of Ford or Toyota. […]
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Greater Victoria secured hundreds of millions of investment dollars and investment activity despite the headwinds of the COVID-19 pandemic. The Westshore communities (Langford, View Royal, Colwood) continue to shine as an active hub of development and growth. The province also stepped up as a top buyer this year with the acquisition of properties for affordable […]
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I’ve been working a number of condominium and townhome buyers this winter. When working with a buyer, you get to spend a lot of time together. It’s a team effort of hunting, qualifying, and organization. I was surprised when two clients revealed to me their past experiences with REALTOR®. One client recalled how upset she […]
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For the 5th month in a row, Victoria’s residential real estate has continue breaking records. November closed just shy of 800 sales. We came close to an all time sales record from 1989. Record low interest rates, tenants making the move to home ownership, and an increase in out-of-town buyers. I think the market has […]
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