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Retiring To Victoria in the Future....... Now is the Time to Invest !

By
Real Estate Sales Representative with eXp Realty, Victoria BC www.pfanntastic.com

Retiring To Victoria in the Future....... Now is the Time to Invest!

Retire to Greater VictoriaSo your plan is to retire to or in Greater Victoria in the next few years...... This outline really applies to people that are currently living outside of the Greater Victoria region as well as those that are current Greater Victoria residents, and are planning to downsize over the next few years......

With Prices being what they are in Greater Victoria (lower than before, but likely at or near the lowest mark, we are seeing some re-bounce already), this year will very much be a year of opportunity for those that can take advantage of the lower prices as well as the super low interest rates that are still available.....

One of the most common questions we receive from people that are considering to buy now, then plan to rent out the property for as long as they are still in their current property, is as follows.....
Retire to Greater Victoria
Where do we go to get the best available information about renting properties in Greater Victoria and what resources are available.....?

Any real estate investment decision should be based on sound research and proper analysis, we wrote a post about some of the considerations about investing in real estate in Greater Victoria and here is the link to this article

We assist many Greater Victoria Based or Bound investment buyers on a regular base, and always have resources available for the information we share with our potential investors for Greater Victoria, we wanted to share a few with you here, so that you can do your "home work" right from your computer.....
But if in Doubt.......Talk to Peter or Linda

Renting in BC is not all that complicated and fairly well governed by the The Residential Tenancy Act of BC, and both the tenancy act and all the resources available at the BC Residential Tenancy Branch, should likely be the starting point for most prospective Land-Lords.... Here is the Residential Tenancy Branch website link

Canada Mortgage and Housing Corporation offers a huge amount of reports, studies and reports, that can offer substantial information for many types of real estate ventures, one of their most relied on reports are the Annual Victoria Rental Market Report and the BC Senior Housing Report, however there are many other useful resources at the  CMHC Website

Boma Canada   BOMA BC  ,
   ROMS BC   Are links to 3 different Landlord Advocacy Organizations that have some public information from their sites, and require membership (at a fee) to gain full access to their substantial resources. We also recently found a new magazine called Canadian Apartment Magazine, and you may want to check it out as well.

Retire to Greater VictoriaIn addition there are numerous books, reports and seminars available with all kinds of information about the entire concept of land-lording, investment property ownership, and Property management...

Over the years we have compiled a sizable library of theseRetire to Greater Victoria real estate investing and land-lording resources, so do not hesitate to give us a call and we will gladly share any information and resource that we have available for you, to make your Greater Victoria Real Estate Investment a Pfanntastic One....

Posted by

 

 

 

Peter Pfann,

CPCA, ABR, SRES, E-Pro, IMSD, Master ASA, C-CREC, Associate Broker.

Text or Talk To Peter @: (1) 250 - 213 - 9490  

peterpfann@gmail.com  www.pfanntastic.com

Pfanntastic Properties in Victoria, BC, Canada, @ Fair  Realty Since 1986.

Regional office: 1540 Fort St Victoria, BC V8S 5J2

 

Comments (8)

Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Lot's of Pfanntastic information there, Peter and Linda.  I think you're Greater Victoria real estate clients will appreciate the links you put into your blog as you've made some valuable information so easy for them to access.  

Feb 17, 2012 03:17 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Linda & Peter,

Wow..you truly have Pfanntastic information consicely presented to the consumer! I can see why you are the ones to call for all their real estate needs :).

Feb 17, 2012 06:58 AM
Karen Hawkins, MBA - Langley & Surrey, BC
Royal Pro Real Estate Network - Langley, BC

Wonderful information for anyone considering buying property on Vancouver Island - particularly in the Victoria area.  I know that I would be referring my clients to Peter and Linda!

Feb 17, 2012 07:02 AM
Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

Hi Juli,

Thank you so very much, as indicated we do have a good number of people that will be retiring to Victoria (now or in the Future, taking advantage of a low in the market now, can save tens of thousands of dollars later.

HI Dorie,

Thank you very much we try to keep it simple and to the point, but when it comes to real estate investin, there is little that is the same for everybody, so hence the reason to do some pre- retirement real estate  investment planning

Hi Karen,

You are too kind, you have a similar market place like us, where thate are always a good number of people retiring and need to think about the best strategy to optimize their investment returns

Feb 17, 2012 08:58 AM
Janice Ankrett
Burlington, ON
Staging Professional

The firs thing those looking for a retirement residence in your area should do is call the Pfanns! You have your finger on the pulse of Greater Victoria real estate.

Feb 17, 2012 09:18 AM
Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

Hi Janice,

thank you for your knd words of suport. 

Feb 17, 2012 12:27 PM
Chris Smith
Re/Max Chay Realty Inc., Brokerage - New Tecumseth, ON
South Simcoe, Caledon, King, Orangeville Real Esta

Peter and Linda, you have pfanntastic information for prospective homeowners and investors looking at Victoria.

Feb 17, 2012 11:59 PM
Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

HI Chris,

Thanks for the kind words, we think the time is right for those planning to retire to start considering their options in the Victoria Market and take advantage of the excellent local opportunities in real estate.

Feb 19, 2012 11:01 AM