blog - news - updates 

Victoria still experiencing low inventory and high demand 

Posted on Apr 11, 2022




A total of 833 properties sold in the Victoria Real Estate Board region this March, 29 per cent fewer than the 1,173 properties sold in March 2021 but a 16 per cent increase from February 2022. Sales of condominiums were down 26 per cent from March 2021 with 279 units sold. Sales of single family homes decreased 28.2 per cent from March 2021 with 4...

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Bank of Canada Raises Mortgage Rates

Posted on Mar 06, 2022


On March 2 2022,  the Bank of Canada increased its Overnight Lending Rate by 25 basis points, the first increase we’ve seen since the start of the pandemic.

The Central Bank had previously slashed the trend-setting rate by 150 basis points to support the economy, when the pandemic first started, bringing rates d...

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Sooke's First Modular Affordable Housing 

Posted on Feb 20, 2022


Nearly completed and long awaited, this beautiful complex built by NRB Modular Solutions boasts a 4 storey, 75 unit project located at 2170 Charters Road is the first example of modular methods where the homes are guilt off site. 

Sooke BC modular homes project - NRB modular solutions
This project began construction last February 2021. The project is in a partnership between the M’akola Housing Society...

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Hidden Costs With Home Remodels -What you need to know?

Posted on Feb 09, 2022



hidden cost in home remodelling and renovations

After spending the main part of our life at home these last 2 years, suddenly you get the urge to renovate, redesign or remodel your home. Nothing worse than working from home and not feeling the zen in your life. Have you set a budget, finalized the design, and hired a reputable contractor with contractor insurance? Have you also taken into accoun...

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January's To-Do Home Checklist

Posted on Feb 09, 2022



 

January checklist organizing the home

Winter season can be cold, gloomy with months of stormy weather, but it can also be a time for bold beginnings inside the home. Make the most of your month by clearing space in your home after the Christmas season by boosting warmth and dreaming up plans for the year ahead. Here are 12 to-dos to give your home a little mid winter boost.


Refresh Chil...

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Property Taxes in BC

Posted on Feb 09, 2022



Property taxes in BC
courtesy of minneapolisfed.org

In British Columbia you can expect property and home ownership taxes to be extraordinary, since housing inequality is an accute phenomenon here on the West Coast. From basic property taxes, to Property Transfer tax when you purchase a home, or GST on new builds, you can also expect additional taxes for luxury homes ove...

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