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Real Estate

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Victoria's Real Estate market during COVID-19

Buying and Selling Property During COVID-19 in Victoria BC

Should I buy or sell real estate in Victoria during COVID-19? While the market has certainly shifted away from traditional Spring markets of year’s past, homes continue to come on the market, just as select Buyers continue to actively search for and secure the right properties. These are unprecedented times in the world. COVID-19 has …

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Victoria's Real Estate market during COVID-19

What is the Mortgage Stress Test? A Guide for Home Buyers in Victoria

The Stress Test was introduced in Canada in 2017 as a mechanism to tighten the lending market. This was achieved by setting a new benchmark qualifying rate for home buyers. If you’re looking to buy anywhere in Canada, it’s important you know about the Stress Test and how it affects your purchasing power. It’s also …

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What to Know Before Buying a Strata Property in Victoria

If you’re considering a home purchase in Victoria, British Columbia, it’s important to know the difference between buying a property that is Freehold versus one that is a Strata property. When comparing the two, there are unique characteristics of each that affect both your property’s use and costs of ownership. For now, let’s focus on …

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Development Spotlight: The Pearl Residences

Steps from Victoria’s Chinatown district, 1628 Store Street will soon be home to the Pearl Residences, an 8-storey, steel and concrete mixed-use condominium building in Downtown Victoria. Let’s check out some of the interior finishes and what you can expect from this exciting new project. The Pearl Residences: Overview Storeys: 8Build Type: CondominiumConstruction: Steel & …

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Executive Airbnb Suite in The Falls

A Guide to Secondary Suites in Greater Victoria (2019)

There are 13 municipalities in the Capital Regional District (CRD). Each of these municipalities have different bylaws regarding the use of secondary suites. It’s important consumers are aware of these bylaws and how they impact the legality of a secondary suite at their current property or at a property they are interested in purchasing. History …

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How Successful are Airbnb Short-Term Rentals in Victoria?

It was a short while ago that Airbnb was little more than an idea with humble beginnings out of San Francisco. Just four years after the platform’s inception in 2008, Airbnb hit 10,000,000 bookings worldwide. This cemented Airbnb as a leader in the world’s rapidly-growing sharing economy. Today, Airbnb boasts over 6,000,000 accommodations across 100,000+ cities in roughly 191 …

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