Over the years the prices of Real Estate in Victoria has been on the rise and for those who have invested in Real Estate has seen some pretty good returns.
The high price of Real Estate in Victoria makes it pretty tough for the First Time Home-buyers. When you purchase Real Estate in Victoria or all of BC for that matter there are a lot of extra costs involved. Here are some of them:
- Property Transfer Tax
- Lawyer fees
- Real Estate Commission (rarely as a buyer but it happens)
- Hook up charges for gas, electricity, cable, phone, etc.
After all this you also might want to do some changes to your new place or buy some new appliances or furniture.
We have mentioned in our previous blogs that we feel the government should eliminate the Property Transfer Tax. Estimates are that they made close to one (1) Billion, yes billion dollars last year from this tax.
If you have any comments on the above please drop a note below. Further feel free to contact us any time.
PS. Check out our new website www.PrestigiousPropertiesInVictoria.com and our Prestigious blog at http://prestigiouspropertiesinvictoria.blogspot.com/
Anders Treiberg, Associate Broker, REALTOR®
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