Canada: Federal Government Releases 2017 Budget

(March 29, 2017)

Last week, the federal Liberal government released their budget for the upcoming year. If you want to read the full budget, you can find a copy of it here:

Canada, Real estate in Canada

To make things a bit easier, here are three things we think you need to know from the 2017 federal budget:

  • In an attempt to learn and garner insight from the hot real estate markets in Canada... read more.

New Condo Development: 989 Victoria Opens Its Presentation Centre

(March 24, 2017)

Tomorrow, a new condo development in Victoriawill open its presentation centre to the public. 989 Victoria, on the corner of Johnson and Vancouver, offers modern floorplans with timeless features, including quartz countertops, wood cabinetry features, hardwood flooring, and custom-built closet organizers. With its six-floor podium and two tower steel-and-concrete design, the final product will be... read more.

Canada Revenue Agency: Declare The Sale of Your Home!

(March 18, 2017)

It’s tax season, so while you have already thought about RRSP contributions and finding those receipts from last July, have you thought about claiming the sale of your home?

If you sold your home on or after January 1, 2016, then you better make sure that you claim it in your 2016 T1-General. Last October, the federal government announced changes to the mortgage application rules and also announce... read more.

Real Estate Investment: You Got The Condo. Now What?

(March 10, 2017)

As the Victoria real estate market continues to heat up, we have more investors vying to get a piece of the market, opting to buy rentable, desirable condos, especially ones in and around the downtown core. But, as an investor, what do you with the condo after you have purchased it?

You have a few options: long-term rentals, executive rentals, and short-term rentals. The building’s bylaws will dic... read more.

Victoria Real Estate Board: February Stats Are Out!

(March 04, 2017)

Can you believe that we’re already into March? The good news is that, despite the snow still threatening to fly, we are on our way to spring! And before the flurry of the spring market hits us, let’s take a look at the Victoria Real Estate Board stats on how February turned out for Victoria real estate.

We’re continuing to see a slight pause in the market with a total of 675 properties sold last mo... read more.

Property Transfer Tax: BC Government Announces Changes

(March 02, 2017)

When buyers are out looking at condos and working on their budgets, they sometimes don’t always take into account the additional costs that can go with that purchase. For example, a buyer will have to account for any inspection costs, any mortgage closing costs, and the legal fees, including the property transfer tax on any resale purchase (i.e. not a new condo.)

However, buyers may qualify for a p... read more.