Markets Stable in Victoria BC

“The fact that we’ve seen such a controlled levelling off in the market directly following a year which felt so uncontrollable in terms of demand and pressure on prices illustrates the depth and stability of the Victoria market,” says Victoria Real Estate Board President Ara Balabanian.

“An unstable market may have experienced a heavy correction or shift, whereas in our

market sales are moderating at a reasonable rate.”

The Multiple Listing Service® Home Price Index benchmark value for a condominium in the Victoria Core in October 2017 was $449,176. The benchmark value for the same condominium in October 2016 was $394,571

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Family Life in a Langford Condo

As affordability and availability of single family homes have risen through the last few years, attitudes toward family spaces are shifting. Condo living can be just as fulfilling for the progressive-thinking family as for anyone. Here are some considerations for families: Space . Obviously the biggest challenge families have is rambunctious tots who move a lot, and all the accoutrements that go along with them — craft supplies, bedding, study spaces, books, and toys, toys, and more toys. There are numerous space-saving storage ideas out there which make modern life in smaller spaces possible and even enjoyable. If you are feeling particularly challenged, why not hire a clutter or storage consultant to help you maximize the space? It’s a small investment for a potentially huge gain. Proximity to other families. It’s always nice when children are able to walk to a friend’s house, or have their friends over. You just can’t beat a trip down the hall or across the parki...

BC Government Legislating Measures Designed to Control Home Prices and Increase Rental Vacancy

Recent legislation introduced by the BC Government will require builders to collect and report their buyer's information on the purchase and sale of condos before they are built. The NDP are putting this practice into place because they are concerned speculators are making purchases, riding out the equity increases while the property is being built, then selling them at a profit without ever living in them or reporting any of the capital gains. “This is a key step to stopping people from using presale condos as a quick, lucrative investment,'' says Carol James. ``It's also to stop them from driving prices up for British Columbians trying to get into the housing market.'' This legislation would force the reporting of the condo flips and allow the government to collect the tax. Whether or not one agrees with their legislation, if you read between the lines, the government is taking action because it recognizes the value in pre-sale condos as a wa...

Why You Should Choose Condo Living

Living in a condominium is all about lifestyle. It’s a lifestyle that gives you more freedom than a house can, and it’s a lifestyle you can enjoy at any age. Here are five compelling reasons you might not have thought of yet to choose condo living: You Live in a Great Location Condos get built in popular areas, and Triple Crown is no exception. Entertainment, restaurants, and shopping are all close by in the vibrant city of Langford. If the great outdoors is more your style, lakes, walking and biking paths and golf courses are all around you. Triple Crown is close to town on the edge of nature. You Have Peace of Mind and Security You don’t have to worry about installing alarm systems or video cameras because a two-key system – one for the front door and one for your unit – makes the possibility of robbery slim to none. Your neighbours are a kind of built in block watch! It’s hard for a thief to remove large items from your home without being seen by someone. ...

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