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Victoria BC Community Blog

Update on Market Conditions in Greater Victoria and Why It Matters Category: Real Estate Market

Housing market trends

Being able to provide knowledgeable and effective real estate advice to our clients is a key part of the service we provide, and in order to do that, we need to have an understanding of a wide variety of factors, including market trends and outlooks for the region.

However, it’s not just professionals that can benefit from that knowledge. For homeowners and prospective buyers, knowing what’s happening can help you make informed choices, and guide your decision making process. 

With that in mind, here’s why buying and selling at the right time is so important, and what the market conditions in Victoria are telling us about whether now is the right time for you to make your move.   

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Why You Should Move To Victoria — And What You Need To Know Before You Do Category: Real Estate Market

Victoria harbour

When it comes to figuring out your next move, location will undoubtedly be at the top of your criteria. This doesn’t just mean the neighbourhood you choose, but the area as a whole that you want to live in as well. 

And there can be few cities that can match Victoria in terms of scenery, culture, amenities, and quality of life. If you’re on the fence about moving, don’t worry — here’s our mini guide to what you need to know about living in Victoria, and advice for what to keep in mind when making your move to this fantastic city. 

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How To Price Your Home And Deal With Multiple Offers Category: Real Estate Market

House Price

Pricing your home to sell is an essential part of budgeting and planning for your next move, and there are several factors that go into the final number. For homeowners it can sometimes be a little difficult to parse the number they’re offered by appraisers and real estate experts, but with a little research and understanding, you can have a better idea of what the market value range for your home truly is. 

Something that’s unique to BC homeowners is the BC assessment, which provides an estimated value for your home. In this blog we are going to to explain a little more about that, and its limitations, as well as providing you with advice on how to understand the true market value for your home, and what to do afterwards should you receive multiple offers.

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Buy or Sell First? What To Keep in Mind Category: Real Estate Market

When it comes to property timing is everything, not just in terms of the market, or picking the right time for you to make your move, but in terms of making sure you have the easiest transition possible between your old and new homes. 

One of the most important decisions any homeowner has to make is whether they want to sell their old home before or after purchasing their new one. 

Truthfully there is no one right or wrong answer, it’s a matter of understanding your situation, and finding the right path for you. Which is why we’ve laid out some of the benefits and drawbacks of each approach when it comes to whether you should buy or sell first when moving to a new home. 

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Considerations When Deciding Between a House or Condo Category: Real Estate Market

When choosing the type of property you want to purchase, you’ll be bombarded with many different choices. You need to consider a variety of factors, such as the size of the property, features like if you want your own yard or if a management company handles any of the outdoor/community upkeep, and the types of financing available to purchase the property.

With the increase in buildings being constructed, there is a varied choice of whether to purchase a house or a condo. Note that this blog is talking about a condo, and not an apartment, as technically an apartment is a rental unit, whereas while a condo exists in a building with other units, it is individually owned.

It’s not just the technical label, but there are lots of other technical and practical aspects to deciding between a house and a condo, which will be discussed here.

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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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