Yesterday we gave you the latest statistic for housing prices in the Greater Victoria Real Estate Area. Let’s have a look at this in more detail. As you may know Victoria has 13 municipalities and the prices vary from the different areas. Vic West which is actually part of the Municipality of Victoria had the lowest […]
Read MoreReal Estate Blog
Victoria BC Real Estate – Another Record High For Victoria
There is no stopping Victoria Real Estate when it comes to breaking records. The price for a single family home in the Greater Victoria Real Estate area set a new record high of $596,586. This is getting pretty close to the predictions we made last December when the average was around $500,000. Many said that […]
Read MoreReal Estate in Victoria BC Canada – Government Committee Reflects Real Estate Positions
Lobbying the British Columbia government is not an easy thing to do. When someone buys Real Estate in Victoria or in BC in general, a lot of money is going in to the government purse. British Columbia REALTORS® through British Columbia Real Estate Association (BCREA) are asking the government to take action on certain issues. […]
Read MoreVictoria BC Canada Real Estate – Property Transfer Tax & Building Green
We have talked in many previous blogs about all the taxes and fees that come in to effect when purchasing Real Estate in Victoria BC and British Columbia in general. As REALTORS® we have and are lobbying the provincial government through various associations and boards to do something constructive with the almost one billion dollars the […]
Read MoreVictoria BC Real Estate – Home Owner Protection Act Ammendments
When buying Real Estate in Victoria BC. or any other province or territory in Canada one should always try to be familiar with what regulations etc. applies. In British Columbia we have the Homeowner Protection Office. The Homeowner Protection Office (HPO) is a provincial Crown Corporation formed in 1998 in response to the need to […]
Read MoreHot New Real Estate Listing in Victoria BC – Bear Mountain
We at Properties in Victoria Professionalsare excited to announce two new real estate listings here in Victoria BC. Fractional ownership is quickly becoming the rage in vacation properties and Bear Mountain is an ideal investment and a place to get away to. Professionally managed, superbly designed, and conveniently located only 20 minutes from one of […]
Read MoreReal Estate In Victoria BC – Property Transfer Tax
When you purchase Real Estate in Victoria BC there is a Property Transfer Tax (PTT) applicable. This tax is 1% on the first $200,000 and 2% on the balance of the sale price. Your lawyer collects this tax at the time of closing and forwards the funds to our beloved Provincial Government. That is the last you […]
Read MoreReal Estate in Victoria BC – Is the US Subprime a Threat to BC’s Economy?
The US Sub-prime is a question that comes up just about every week from clients planning to purchase Real Estate here in Victoria, BC. Canada. We have written articles on this before on this topic. One being the “Facts on US Subprime” and “Housing Sales Forcast Skyrocket“. A recent article in the Times Colonist by […]
Read More