buying in victoria: Real Estate in Victoria in September
- 09/01/10 12:35 PM
Ah, September. Change is in the air. Did you notice it? Other than the obvious rain we had yesterday, there are signs that the summer is ended and real estate in Victoria is about to get going. It happens every year, (except perhaps last year, but for the last time, last August was ridiculously exceptional and comparing it to anything, let alone this year, is a sucker's game!), July and August slow down as people find better things to do than think about a new home. A few Realtors jump off bridges because they think it's the end of the world, marginal … (4 comments)
buying in victoria: The HST is a Red Herring!
- 08/31/10 06:44 AM
The HST has been getting all the press lately, and has been blamed for the slowdown in the Victoria and other BC housing markets. I'd say this has more to do with the public's misperceptions about the impact of the tax on their home purchases rather than it's actual impact. The real villain tax here in BC is the Property Transfer Tax.
This evil little bugger came into effect in 1988. 1% on the first 200k and 2% on the remainder is the formula in case you don't remember getting hit upside the head with it the last time … (1 comments)
buying in victoria: Victoria Times Colonist Remains on the Bleeding Edge of Real Estate Reporting!
- 08/28/10 05:44 PM
Just wanted to vent a little. The headline on a story in today's paper "Resale housing market takes a beating in July". WELL GOLLY! Thanks TC for being on the ball with your business reporting. IT'S AUGUST 28TH!! Seriously, what do we get next, perhaps a headline reading "HST has replaced GST in BC", or "Queen's visit to Canada a Success", or "Blackhawks win the Stanley Cup!". It makes me think of the advice I give my clients - by the time the mainstream media is reporting a real estate trend nationally, locally it's over. Real estate markets are local - over the past 3 … (4 comments)
buying in victoria: Buying New in Victoria? Bring Your Realtor!
- 08/23/10 06:58 AM
One of my clients was shopping for a new condo. He honestly didn't know whether I could help him with this. He was under the impression that buying a new construction condo is like buying something from a store. You walk in, pick the unit, pay what the price tag says and hope it all works out. After all, the developer has sales staff on site that is friendly and outgoing and more than happy to help you with your purchase. They give you coffee, make you feel important and can answer all the questions you have. They can fill out … (4 comments)
Ah, September. Change is in the air. Did you notice it? Other than the obvious rain we had yesterday, there are signs that the summer is ended and real estate in Victoria is about to get going. It happens every year, (except perhaps last year, but for the last time, last August was ridiculously exceptional and comparing it to anything, let alone this year, is a sucker's game!), July and August slow down as people find better things to do than think about a new home. A few Realtors jump off bridges because they think it's the end of the world, marginal … (4 comments)
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