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Victoria BC Community Blog

A Guide To Your Property Taxes Category: Real Estate Market

Single house with dark blue roof and two garages

Even in these uncertain times there remains, as the famous aphorism goes, only two certainties; death and taxes. Today, thankfully, we’re going to be looking at the latter!

Now that the dust has settled on your 2020 taxes, it’s somehow already time to start looking to 2021. We couldn’t possibly cover everything you need to know about taxes in one blog, but we are going to cover some of the things that can help make paying your taxes easier, as well as the various tax relief programs you could be eligible for.

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Why You Should Invest in a Short-Term Rental in Victoria Category: Real Estate Market

Seaplane on Victoria Harbour

In the wake of Covid-19 many investors were left wondering about the future of the short-term rental market, with expected downturns as people isolated at home. However, that prognosis is slowly shifting.

As domestic tourism is set to become even more popular, the short-term rental market is set to bounce back in a big way. With that in mind, here’s a guide to what you need to know about short-term rental investment in Victoria.

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A Guide To Wills, Estate Planning, And How To Pass On Your Property Category: Real Estate Market

Large residential home

Planning for what will happen to your assets after you’ve passed is a difficult subject—and one we can understand people being reluctant to approach—but it is very necessary. And once you’re done, you’ll be able to relax knowing everything has been taken care of!

Wills and estate planning are also daunting legal prospects, which is why we’ve prepared this comprehensive guide. 

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Your BC Property Assessment Explained: What Is It, What Does It Mean, and What Are The Tax Implications Category: Real Estate Market

Houses in suburbs

As it’s January, it’s once again time for property owners in BC to receive their annual property assessment from BC Assessment. Even if you aren’t planning on buying or selling immediately these are important documents. And you should take the time to understand what they mean for you. Here’s our primer on what you need to know about your BC Assessment. 

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The Home Selling Process Category: Real Estate Market

U.S. Air Force photo by Staff Sgt. Teresa J. Cleveland

You've been thinking it over carefully for a while. You've looked at your financial situation, considered your options, and have an idea of when you want to move forward. Are you ready to sell your home? Absolutely!

But what does selling your property involve?

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Choosing A Victoria Neighbourhood Category: Real Estate Market

A map of the Greater Victoria area

The capital of BC and home of Vancouver Island's largest municipality, the Greater Victoria Area is home to historical properties and a vast array of homes and neighbourhoods ready to charm new residents. With vibrant gardens, detailed history, and rich culture, Victoria is a city worth living in.

Today we'll be taking a look at the various districts, municipalities, and neighbourhoods to be found in Victoria BC, and the different reasons why you might want to call each one home.

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2017 Victoria Housing Market Forecast Category: Real Estate Market

Total Area Sales for Victoria in 2016 from Macdonald Realty

In 2016, the Victoria real estate market broke records across the board: over 10,000 transactions took place, the most ever since the Board began tracking the number in 1990. Real estate values for single family homes increased 20% overall, with increases ranging as high as 37% in the Victoria core.

The Canadian Housing Market Association (HMA) has warned of the problems arising from real estate price increases and overbuilding across the country, but predictions are hopeful that the market will slow and stabilize by 2018.

I'll be taking a detailed look at the real estate market forecast for Victoria in 2017, as predicted by a number of leaders in the industry.

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Homebuying With Kids Category: Real Estate Market

Navy family members relax on their front lawn while movers deliver household goods to their new home on Ford Island. Credit US Navy.

Deciding on a new home can be a huge, frustrating project when you're new parents or your family has recently grown. How do you tell when your current home is too small for your kids? What will your kids need in a new home or neighbourhood, and how can you make it fit your budget? How do you tour houses when you have an infant or a toddler and no way to get a babysitter?

Psychologists say that involving kids of any age in the house selection and moving process will help them adjust to their new home better, faster, and happier — but it's not easy. As a real estate agent with children of my own, I've been around the block (literally) on both sides of the issue, and I've learned some tricks over the years that I hope will help other young families searching for a home in Victoria.

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Victoria Housing Forecast For 2016 Category: Real Estate Market

Rooftop photo of downtown Victoria BC in spring, facing Wharf St.

With the release of housing market reports from the Canada Mortgage and Housing Corporation (CMHC), VREB, TD Bank, Royal LePage, and other real estate and economic organizations over the past few months, a picture of the Victoria housing market in 2016 is slowly starting to come together. The majority of available reports focus on Vancouver and BC as a whole, but as the Victoria market takes cues from the mainland, our outlook doesn't look to be too different. Here's what we keep seeing.

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