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May 2015

Found 2 blog entries for May 2015.

There wasn’t anything very exciting about this year’s federal budget but there were some savings and incentives impacting both estate planning and assistance to the elderly to stay in homes longer.

  • For those over 65, the new Home Accessibility Tax Credit (HATC) provides a 15% tax credit on home improvements of up to $10,000 to retrofit your home. The credit is also available to caregivers and for those qualified for the disability tax credit. It can even be claimed in addition to medical expense credits for the same renovations.
  • Selling a qualified Canadian Farm or Fishery? The capital gains exemption has increased to One Million Dollars for sales after April 20, 2015.
  • Good news for charities and philanthropists. For those who donate property
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Literally every day I’m asked, “How’s the market Ron?” Being the positive minded optimist and salesman that I am of course I start with “Great!” The I have to add, “Depending of course on area, property type and price range you’re referring to.”

I reviewed properties listed between January 1st and March 31st of 2015. I calculated the number and percentage of them that had sold by May 1st 2015. I considered various districts and map areas, price ranges and property types. Here are a few random examples to illustrate:

  • 46.4% of Single Family
  • 43.8% of condos
  • 11.3% of lots
  • 6.1% of Commercial
  • 49.6% under $500,000
  • 25.3% over $1 Million
  • 56.4% of Saanich East
  • 32.1% of Metchosin
  • Lakehill 77.8%
  • Cordova Bay 35.6%
  • Uplands 27.8%,
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