I have sold a property at 212 1061 Fort ST in VICTORIA

Perfectly positioned in the vibrant Cedar Hill neighbourhood, Fifteen88 is surrounded by lush natural spaces and steps to everything you love about Victoria.
ONE & TWO BEDROOM HOMES
STARTING BELOW $300K
Fifteen88’s sophisticated collection of one and two bedroom homes has been receiving a lot of attention lately from interested homebuyers, and with great reason. For the first time in several years, Abstract Developments is thrilled to announce this collection of homes will start below $300K!
Built to Abstract’s unparalleled design standards, Fifteen88 will offer the quality and attention to detail you have come to expect from Victoria’s leading development company.
If you haven’t already registered to receive more information, we invite you to opt-in below to receive information and updates as they become available.
Bare trusts have traditionally been used as part of overall tax planning and to meet various other business objectives. In fact, they are often used to help reduce the overall tax burden that occurs on the transfer of ownership of real property. However, the usefulness and benefit of bare trusts in real estate transactions has recently been called into question.
Carole James stated in the Finance News Release of July 25, 2018 (News Release), “Our government has been clear that the days of skirting tax laws and hiding property ownership behind numbered companies and trusts are over.”
Effective September 17, 2018, the new property transfer tax return that must be prepared for all property transfers will require people to report additional information when a transaction is structured through a corporation or trust. According to the government, the intent of the change is to identify people with a significant interest in the property.
Review the full reporting requirements that apply to all types of property, including commercial and residential.
Imagine waking up to a private deck that connects your home to a serene water feature and beautiful landscaping beyond. Or, picture an expansive private roof terrace overlooking an impressive central plaza and the iconic Legislature. Splendid outlooks and the space to enjoy them represent just one feature of inspired living at Capital Park.
Nestled within this expansively-landscaped master-plan community lies a boutique offering of condominium homes in four and five-storey concrete buildings, along with a limited collection of distinctive, concrete-built townhomes. A rarity in buildings of this size, and virtually unheard of in townhomes, concrete construction means these homes are built to last.
Your opportunity to discover Capital Park Residences is coming September 2018.
The proposed introduction of a new tax on certain properties in BC is intended to drive down soaring prices and push more housing stock onto the rental market. However, uncertainty surrounding the details of a plan that could significantly impact a substantial segment of the provincial economy is causing concern among developers and property owners.
The BC Speculation Tax, announced in the province’s 2018 budget, targets the owners of unoccupied residential properties, with a particular emphasis on foreign and out-of-province residents currently paying little or no income tax in the province. According to the information provided to date by the BC government, the tax is intended to curb inflation in the residential real estate market in the province’s largest urban centres by levying additional costs on so-called speculators to “push them out of the market.”
Ultimately, the full impact of the tax won’t be known until legislation is introduced, debated and enacted. To understand the current proposal, read Grant Thornton's full overview.
In the meantime, Grant Thornton is following developments in this area closely and can help you understand these risks, quantify what they may mean from your individual financial perspective, and formulate effective strategies to address them.
Are you looking for Real Estate in the Rockland area of Victoria BC well... look no further. Please click on this LINK for the latest list of of real estate for sale in the Rockland Area.
Do you have any questions about this neighbourhood or you would like to know more about this area, ask Shirin. My clients love that I am on the ball and I am honest with them. I would love to help you make the right choice in buying the perfect real estate in the Rockland area.
Let talk soon :-)
Hi there !
I keep getting questions about what is the best way to find the perfect home or investment property in Victoria. Well !!! I have the answer and it is very very easy. If you have a cell phone ...download my real estate app. It is fantastic and it makes it very easy to search for real estate in Victoria.
How do you download my app? Go to www.mlsapp.ca and enter the code C0A66B5F and you will instantly gain access to all the latest listing of homes on MLS in Victoria. The best part of this Real Estate APP, once you save your property search, you just click your saved search button and every day it will give you your up to date list of all homes for sale meeting your search criteria.
Now if you do not want to download my app, an even eaier approach to your property search is to contact me LINK and tell me what you are looking for, I will then setup an automated email notifcation that will inform you as soon as a home hits mls ( again provided the home meets your property search criteria).
You will love working me because I do not like to complicate things, I like to simplify and make your property search nice and easy.
Let's talk soon !
Shirin
Are you looking to buy real estate in Victoria British Columbia. Well look no further, we have one of the best rated apps, that my buyers use for searching for real estate in Victoria. I promise you will love it.
How do you download my app? It is easy... contact me and I will send you a step by step instructions and I promise you will thank me for this app. It makes finding a home in Victoria so much easier. I can not tell you how many of my home buyers, thank me and they wish I had told them about my application sooner. It is completely free to download and no strings attached.
Contact me and let me help you find your next home in Victoria. LINK
The real estate boom gripping B.C., and the city of Victoria in particular, has been historic on nearly all fronts. The frenzy to snatch up Victoria Real Estate soil kicked off after the 2013 boom in real estate in Vancouver. Bidding wars for detached homes spread like wildfire, pushing sales to a record in 2017, along with dollar volumes, which hit high prices driving the average home price up in Victoria
In response to public angst about runaway housing costs, policymakers at all levels dog-piled onto the real estate market, announcing a foreign buyers tax, mortgage stress tests and a hike in the property transfer tax. Meanwhile, the Chinese government took swift action to curb capital outflows, requiring citizens to pledge that they wouldn’t use cash leaving the country to buy property. Outflows from China plunged, however rumour has it that rich investors are still finding ways of laundering their money out of China to invest in Real Estate in Canada.
Increased taxation has pushed foreign bids aside, as a watch and hold approach is now being taken. With a $3-million purchase now requiring those buyers to cough up over half a million in levies upon closing. Local purchasers have been stymied by rising mortgage costs and tougher qualifying rules. A typical Victria household with an average mortgage would have to increase their salary two fold to be able to keep up with this ever increasing housing market.
We are optimistic that over the next few years there will be an increase in supply of housing, bringing the market into equilibrium and making housing more affordable for the average Canadian.
In the past few years a lot of Waterfront Properties have sold in Victoria, see a few sold homes below. I specialise in waterfront properties and if you are looking to buy your next waterfront property, look no further and let the expert help !
For the latest list of waterfront properties Contact me.
7050 Brentwood Dr V8Z 3E9
Sold Price: | $2,125,000 |
This executive oceanfront residence offers not only beauty, space & light; but a fabulous deep water moorage dock complete with foreshore lease! Enjoy an ultimate west coast lifestyle with generous indoor/outdoor living spaces, decks &private garden. The upper floor provides master suite with 2nd Bd & office. Inlet and valley views are afforded from every room in the home. In the summer enjoy the Butchart Garden fireworks. The lower level is ideal for at home office, media, fitness or guests. A rare find!
10895 Fernie Wynd Rd V8L 5H8
Sold Price: | $3,300,000 |
Spectacular 2018 Built Oceanfront home located on Curteis Point in North Saanich, BC. Enjoy beautiful ocean views from all principal rooms and outdoor spaces. The main level living features an open concept, floor to ceiling windows and a top of the line chef's kitchen. Enjoy Luxury Oceanfront living at its best.