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Victoria & Vancouver Island Real Estate Blog

Top Tips to Choosing a Real Estate AgentA good agent can make it easier to buy a home. However, many may be unaware about how to locate and work with a professional real estate agent that will do what is best for their client. Experienced Canadian agents can fine-tune strategies depending on the current market, helping facilitate the acceptance of an offer on a property in a competitive market. This is only one reason that individuals and couples are taking steps to work with a reputable agent.

Interview Multiple Agents

Clients need to make the time to meet with more than one agent before coming to a final decision. Clients should feel comfortable asking questions and see if the agents interviewed listen to specific requirements. It is also worth noting if an agent:

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Feb enewsOur report has been somewhat repetitive over the past few months with the continuing trend of fewer sales and more listings for sale. We are starting to see price declines across most property types, areas and price ranges.   Last month there were 329 properties sold in Greater Victoria, 24% fewer than the 431 sold in January of 2018 and also 12% fewer than December. Condo sales were down only 6% while single family sales were down 29% from the previous year. Last year in January the numbers were already down significantly from the prior year due to the introduction of the new mortgage stress test. Sales levels are now significantly below the 10 year average.
The supply of active listings available for sale in the VREB at the end of January 2019…
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What You Need to Know About Home Insurance PoliciesFinding a home insurance policy after just purchasing a home usually boils down to which premium is the least expensive. It's easy to feel completely tapped out after paying a hefty down payment plus closing costs. But homeowners who opt for minimum coverage may eventually find themselves losing a lot of money on what was supposed to be a long-term investment. Here are a few tips to ensure that homeowners enter an agreement with both eyes open.

For informational purposes only. Always consult with a licensed real estate professional or insurance agent before proceeding with any real estate transaction.

Calculating the Premium

How much a person pays is relative to where they live, the condition of the home, their financial standing, and

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Living and Dining Outdoors Is a Treat During Most SeasonsOutdoor options have changed over the years. Portable grills and picnic tables are now being supplanted by all-weather kitchens and serving stations, covered decks with comfortable sofas and chairs, and dining areas every bit as elegant as their indoor counterparts. Canadians in all provinces are more attuned to the possibilties of outdoor living—at home—than ever before.

Gaining Additional Living Space

Whether moving into the yard is a reaction to spiraling home prices and higher vacation costs, or simply an acknowledgement that good times can be had at home, well-equipped outdoor living rooms are a hot new trend, even in provinces with shorter summers. Upscale outdoor rooms boast fireplaces or ceiling fans and summer misters to extend the

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Credit Scores and Buying Homes in CanadaWhen someone decides to buy a home, they often get a crash course in many areas of personal finance, including credit. Understanding a credit score and how it affects a person's chances of being able to buy a home is vital. By learning early about what is required, buyers can increase their chances of checking off all the boxes for success and move into that new home.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is Included in a Credit Score?

Credit scores are numbers that banks and other financial institutions use to determine how likely someone is to repay a debt. They are based on factors that include a person's history, as well as their

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Dec HPIThe trend of fewer sales and more listings available for sale continued through the end of the year with  just 375 properties sold in the Victoria Real Estate Board in December 2018, 19% fewer than the 462 sold in December 2017 and 25% less than sold in November.

 

In 2018 in total 7,150 properties were sold , 20% fewer than the 8,994 sold in 2017. That's also 33% less than the record 10,622 the previous year and now below the 7,351 10 year average. The number of Single Family Homes sold in 2018 was down 22% in 2018 to 3,187 from 4,069 in 2017. Condo sales also declined 23% to 2,150 in 2018 from 2,773 in 2017.

 

There were 1,998 active listings available for sale on the VREB MLS at the end of December 2018, up 44% from the end of December a

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Closing Costs During the Home Purchase: What You Need to KnowWhen a buyer budgets for a home purchase, closing costs must be taken into consideration. Since closing costs are due in cash at the time of the purchase, it's imperative that the buyer have money for these fees on hand. Knowing what closing costs are, how much to expect to pay and when they're due helps home buyers to plan for a smooth home buying process.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Closing Costs, Defined

Closing costs are the extra fees and costs associated with purchasing a home. These costs are usually incurred throughout the home buying process. When a home buyer hires a lawyer, seeks various insurances and interacts with

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island highway

Bright Spacious Contemporary Townhouse!

BRIGHT. SPACIOUS. CONTEMPORARY. 

Enjoy 3 level living in this recently built townhouse. 

Savour the open kitchen, dining and living room with top quality laminate floors, quartz countertops and stainless steel appliances. 

Upstairs boasts 3 bedrooms with high ceilings including the master bedroom with a generous deck to enjoy your morning coffee. 

You’ll also appreciate the walk-in closet and heated tile floor in the ensuite. 

Downstairs a large fourth bedroom with attached bathroom and outside access is ideal for guests or visiting family. 

Includes a single car garage with an additional parking spot and plenty of extra storage.

Live in this great neighbourhood, close to all

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Wood land Drinve

Beautiful Serviced lot French Creek!

Beautiful French Creek.

Perfect for your new home.

Serviced lot with large building pocket.

Situated abreast slopping hill and overlooking sunny enclave.

Close to wooded walkways, parks, schools, marina and golf course.

Total lot size is .48 of an acre or 20909 sq. ft. Recently subdivided off of the neighboring property.

Take advantage of mature surroundings not found in new subdivision lots.

Peaceful, tranquil and awesome. 

 

 

 

Find Out More About Lot B Woodland Drive

Talk to our team to learn more about this Beautiful Serviced lot French Creek

Request a Tour See The Listing Now

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Selling Your Home in a Competitive MarketOne thing that many sellers dread is a buyer’s market. This means that there are far more homes for sale than there are buyers looking for homes. As a result, home buyers effectively have their pick of the litter and sellers are left competing with each other to provide the best deal to entice the buyers. This is different than a sellers market where there are not enough homes and the buyers are at a disadvantage.

Selling in a buyer’s market can be tricky, but it isn’t impossible. If sellers make the right preparations before putting their home on the market, they can help ensure that their home finds a buyer regardless of the market. Here are some of the different things buyers can do to appeal to buyers and make a sale. 

For informational

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