Buyers Info & Facts

Buying in a Seller’s Market: How to Stay Competitive

Posted on Apr 01, 2025 in Buyers Info & Facts

If you're thinking about buying a home in Victoria, BC, you may have noticed that the market is more competitive than ever. In a seller’s market, there are more buyers than available homes, which can make it challenging to find your dream home. With high demand and low inventory, the competition is fierce, and homes can sell quickly—often above ask...

8 Best and Smart Negotiation Tips for Buyers

Posted on Aug 20, 2024 in Buyers Info & Facts

Here are eight of the best and smartest negotiation tips for buyers to get a better deal when buying a home in Canada:

1. Get Pre-Approved for a Mortgage

Why it’s smart: Having a pre-approval shows sellers that you’re a serious buyer with the financial means to close the deal. This can give you leverage in negotiations, especially if the seller is mo...

Essential Things to Look Out For When Viewing a Property

Posted on Jul 27, 2024 in Buyers Info & Facts

Viewing a property in Victoria, BC is a crucial step in the home-buying process. It allows you to assess the condition, value, and suitability of the property for your needs. However, it’s easy to get caught up in the excitement and overlook important details. Here are some essential things to look out for when viewing a property to ensure you make...

The Pros & Cons to Purchasing a Home with your Parents or Siblings

Posted on May 21, 2024 in Buyers Info & Facts

Buying a home is a significant milestone, and for many, it can be a daunting financial challenge. One strategy to ease this burden is purchasing a property with parents or siblings. While this approach has its advantages, it also comes with potential drawbacks. Here, we explore the pros and cons to help you make an informed decision.

Pros of Purchas...

Property Transfer Tax in BC Home Purchases

Posted on Apr 19, 2024 in Buyers Info & Facts

The Property Transfer Tax (PTT) in British Columbia is a tax levied by the provincial government on real estate transactions. It is payable when a property changes hands, and the responsibility to pay this tax rests on the buyer. Here's an overview of how the PTT is structured and calculated:

Rates of Property Transfer Tax:

General Rate Structure:
- 1...

Newly Built Home Exemptions