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Facts on Home Ownership

What to do with a Hidden Underground Oil Tank on Your Property

Posted on Aug 30, 2024 in Facts on Home Ownership




Old underground oil tanks are a hidden legacy beneath many homes in Victoria, BC. Installed decades ago as a primary method of heating homes, these tanks have since become a source of environmental concern and potential liability for homeowners. This essay explores the history of these tanks, the reasons for their use, the modern imperative to remo...

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The Dangers of Asbestos in Homes 

Posted on Aug 30, 2024 in Facts on Home Ownership




Asbestos was once a widely used building material, valued for its durability, heat resistance, and insulating properties. However, it is now recognized as a significant health hazard, linked to serious illnesses such as lung cancer, asbestosis, and mesothelioma. In Victoria, BC, many older homes may still contain asbestos in various forms, posing p...

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Understanding Latent Defects in a Home 

Posted on Aug 30, 2024 in Facts on Home Ownership




When buying or selling a home, it’s essential to understand the concept of latent defects. These are hidden flaws or issues within a property that are not immediately apparent and may not be discovered during a standard home inspection. In Victoria, BC, the responsibility to disclose latent defects is crucial, and failure to do so can lead to signi...

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Understanding Property Taxes in BC

Posted on Jul 23, 2024 in Facts on Home Ownership


Property taxes are an important aspect of homeownership in British Columbia, including the municipalities in Greater Victoria. Understanding how these taxes are determined, where the funds go, and the available grants and discounts can help homeowners manage their finances more effectively. This guide covers everything you need to know about proper...

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10 Ways to Save on your Heating Bill this Winter

Posted on Jul 03, 2024 in Facts on Home Ownership



As the temperatures drop, heating bills often rise, leading to higher household expenses. However, there are numerous strategies you can implement to reduce your heating costs without sacrificing comfort. Here are ten effective ways to save on your heating bill this winter:

1. Seal Drafts and Insulate

Why It Helps: Prevents warm air from escaping and...

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Where to Expect Mold Issues to Occur and How to Remedy it

Posted on Apr 19, 2024 in Facts on Home Ownership



Mold can thrive in areas of the home where moisture levels are elevated, leading to ideal conditions for mold growth. While mold can potentially develop in any damp environment, certain areas of the home are more prone to mold issues due to their susceptibility to moisture buildup. Here are common areas where you might expect to find mold issues in...

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