Mortgage Stress Test

In addition to cracking down on tax leakage by foreign money, another change is that from now on, all insured mortgages must undergo a “stress test” that ensures a borrower’s ability to make their mortgage payments at a higher interest rate. Effectively, that means borrowers will be tested against their ability to pay their mortgage if actual rates were as a high…

15% Sales Tax

Jonathan Cooper (Vice President, Operations at Macdonald Realty Group, INC.) was interviewed about the 15% Foreign Buyer tax.  Learn more about the 15% sales tax here click here

Cave to Luxury Home

An amazing transformation from a cave to a luxury residence in 2015.  Amenities such as wi-fi, in floor heating and a rain forest shower. This beautiful cave is available for rent via AirBnb or the Rockhouse website. Click here for the Rockhouse website

Times Colonist: Victoria ranked world’s third hottest luxury homes market

Greater Victoria has been named one of the top-three hottest luxury real estate markets in the world in a report from Christie’s International Real Estate. The capital region is a beneficiary of strong foreign interest in West Coast real estate, the report says. It notes sky-high prices in places such as Vancouver have led foreign buyers to look farther afield…

Robust Victoria Market – Property Values On The Rise!

The market pulse in Victoria is running hot! Values are steadily increasing on both single family dwellings & condos. The average increase in value is up 9.4% for 2015. We’re currently in a strong seller’s market, with an anticipated demand for more homes on the spring market. Contact me for complimentary Comparative Market Analysis to see what your home is…