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…

Victoria Condo Values On The Rise

With the latest reports showing property value has increased 9.4% in Victoria over the last year, it comes as no surprise that condo value in on the rise as well. The TC reports…

990 Hampshire Road Sold!

The wonderful character house at 990 Hampshire Road we had listed has sold! On market for only six days, we were happy to present our client with multiple offers. For more information on the property, photos & a feature sheet click here. We’re currently in a Seller’s Market in Victoria. If you’re looking to sell your home, or even just…