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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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. ...

Condominiums Now on Sale at Triple Crown

We are pleased to announce 46 top quality contemporary condominiums featuring quality construction, quality fit & finish and energy efficient features including gas appliances. You are the first to receive notice of the first batch of ten condos for sale. To take advantage of our initial offering, all you need to do is fill out the contract and place a $20,000 deposit with the balance due on the completion of project. Make sure you ask us about the 18 month rate hold if you are looking for financing options. It's an industry-leading financial product and well worth exploring. These will sell very quickly, so if you're interested, call Todd Mahovlich or Justine Connor at 250-474-4800 Watch this short interview with Todd Mahovlich

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