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210 Kitma Rd - Roundhouse Rise - Victoria  West BC

This newly approved condo project in Victoria West consists of 183-unit project on 210 Kitma Rd. The Developers are  Mariash Group & Focus Equities. At 25 storeys tall it will have some of Victoria's best views.


Stay tuned for more information on this condo-presale project in Victoria. If you would like an invite to the launch of the Roundhouse Rise as soon as it happens, please contact me and I will make sure you have an appointment for a showing. LINK


If you would like know more about another condo pre-sale project in Victoria that is one of Victoria's tallest buildings at 25 storeys high, learn more about the HUDSON ONE.

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To find homes in this price range click on the following LINK.


When I think about affordable home prices for the average income in Victoria BC. I think of homes that are for sale under $ 600 000. It is not easy if you think about it,  to have a mortgage on a home that is priced over half a million. You do not want to stretch yourself too thin as a home owner. You want to get into an affordable price range while enjoying a normal life. You do want to live pay cheque to pay cheque all while trying to pay off that mortgage.


Now even though, my clients may want to buy a home in Victoria for under 600 000 I always encourage to sign to see homes over 600 000 a well, becaue you never know which of those homes can negotiate their price to being under 600 000. You do not want to miss out on those opportunities as well.


A newer home in the price range of 600 000 will be further out from the Victoria Downtown core, almost taking you to Happy Valley in Langford or as fas as the Sooke. If you are ok, with driving over the Malahat, even more affordable homes would be found in Shawnigan Lake and Mill Bay. 


If you do not mind being in an older home or a fixer upper, than of course you may be able to find a home closer to downtown, in Esquimalt, Mayfair area, or even View Royal neighbourhoods.


But before I keep going on in this blog post ha ha , what type of a home are  you looking for? A condo, townhouse, duplex  or a detached home....Remember a home can mean many things :-) . Lets talk soon.


You Friendly Fun realtor Friend


Shirin 

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Even though the House is in recess until the fall, your Board and other community stakeholders continue to work on the Speculation Tax situation - and encouraging our local representatives to "Scrap It!".
 
Request:
Do you have first-hand information on a development being altered  / delayed or lost housing due to the Speculation Tax that you've not already sent us? Please connect, we are collecting stories to help the government understand the repercussions of this tax. Thank you. 
 
Update on ongoing activities:
Your President, Kyle Kerr, President Elect Cheryl Woolley and EO Dave Corey are preparing to meet with Housing Minister Selina Robinson this week. Their discussion will focus on increasing housing supply in the Victoria area.  

 
Please continue to share the Scrap the Speculation Tax website - the site makes it easy to write to your local representatives to encourage them to consider the broader economic impacts of the Spec Tax. More than 20,000 letters to government have been facilitated by the website.  
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You asked... and at Polo Village they have listened. 

During their first four weeks on the market, they have learned that people love the fully detached suites that their Craftsman Coach series of homes offer, but at the same time most people asked them to find a way to offer similar utility & value at a lower price.  

Today, they are announcing price reductions of $150,000 on two of our Craftsman Coach series of homes with suites!  They have redesigned the fixtures & finishings to bring the price down, while still offering a top quality home, in an unbeatable location, with a fantastic detached suite.
Lot 13 - was $999,900 - Now Only $849,900
Lot 14 - was $999,900 - Now Only $849,900
 
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515 Chatham St Victoria BC - Le Fevre & Company

Chapter One – 515 Chatham offers Studio and 1 Bedroom condominiums in the heart of Victoria's historic Old Town district featuring courtyards and architecture with unique urban character.


515 Chatham

Ironworks will consist of five architecturally unique buildings on two blocks of Victoria's historic Old Town district.

The start of this iconic new development begins with our cornerstone building, Chapter One – 515 Chatham.

Developed by Le Fevre & Company – built by Campbell Construction.


Chatham & Store Street – Old Town's North West District

The site of the Ironworks development has a rich history in Victoria's industrial age that includes the Albion Iron Works Company, which was located on the Chatham Street block between Government & Store Streets.

515 Chatham is designed with respect for the past and destined to become part of a whole new iconic streetscape for the modern era.


For floorplans and pricing details please contact us

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Victoria MLS Real Estate Statistics - June 2018
A total of 708 properties sold in the Victoria Real Estate Board region this June, 29.8 per cent fewer than the 1,008 properties sold in June of last year, and a 6.2 per cent decrease from May 2018. The sales of condominiums were down 25.1 per cent from last year in June with 230 units sold. Sales of single family homes were down 34.7 per cent from 2017 with 357 sold this June.
 
"June typically signals the conclusion of the busy spring market, and activity lightens into the summer," says Victoria Real Estate Board President Kyle Kerr. "However, because of decelerating growth due to aggressive government implementation of policies to reduce demand, Victoria's real estate market has been hobbled since the start of the year when federal restrictions around mortgage qualifications were rolled out. Even demand side measures that are not yet live, like the Vancouver/Kelowna/Nanaimo/Victoria-specific Speculation Tax, are dragging the market down as many consumers stand aside to watch what happens."
 
There were a total of 2,595 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2018, an increase of 8.4 per cent compared to the month of May and 35.5 per cent more than the 1,915 active listings for sale at the end of June 2017.  
 
"The good news is that inventory is slowly being added to the market, though we are still very far off from our ten year average inventory level of 4,100 listings" adds President Kerr. "The slower pace of the market has created more time for buyers who may have been hesitant to jump in during the high pressure market conditions of recent years
. Homes are spending a bit longer on the market and there are fewer multiple offer situations than in the past, and if we see more listings over the next few months we may be heading back into a more balanced market situation. Every type and location of property is a separate segment of our market, and there are varying pressures and demands, so if you are buying or selling it is wise to take advantage of the services of your local REALTOR® to help navigate this changing market."  

<MLS® Home Price Index reporting is currently unavailable. This document will be updated when the June numbers are released.>

Stats will be posted on the VREB website this afternoon.
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Astoria 751 Fairfield Rd - Condo  Victoria BC
Executive Living with Incredible Views! Experience the best of Victoria's downtown lifestyle in the sought after Astoria! Sun-filled easy care 2BR 2bath w-new hardwood-look flooring, stainless appliances, warm cabinetry, granite counters, in-suite laundry & fresh modern paint scheme! Dramatic picture windows capture the beauty of OCEAN, snow capped MOUNTAINS, and the ever inspiring architecture of the Parliament Buildings & historic St. Ann's. TWO covered Balconies exquisite SOUTH facing exposure. Pets, rentals, all ages & BBQs welcome! Secure underground parking, & modern fitness room. A quick stroll to the bustling Inner Harbour, historic Beacon Hill Park, Royal BC Museum & Parliament buildings. Zoned for vacation rentals.
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636 MONTREAL St - Harbourside Victoria BC

Beautifully maintained oceanfront condo at "Harbourside", surrounded by shimmering ponds that front on to the David Foster Walkway around Victoria's Inner Harbour. This fabulous home enjoys spectacular indoor/outdoor living with a sun-filled, west-facing 480 sq ft patio at water's edge. Showcasing 2 sizable bedrooms (well separated & each with ensuite), gourmet kitchen (radiant in-floor heat) with eating nook and tidy workstation, dining area, living room with cosy fireplace & custom built-ins, each room delights in the scenic views where sailboats, kayaks, canoes, harbour ferries, seaplanes and more become the fabric of vibrant harbour living. The master suite features 2 walk-in closets and a spa-inspired ensuite with double sinks & grand shower. Separate storage and bike room in secure underground parking. Pool & fitness membership privileges at adjacent Coast Hotel, 10 minute walk to downtown, BC Museum, galleries, Fisherman's Wharf & Beacon Hill Park.Victoria living at its finest.


For more information please CONTACT US.

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Buy a Waterfront Property in Saxe Point Esquimalt - Victoria BC

Fabulous Saxe Point Waterfront Home! This completely restored 1928 character 4 bedroom/3bath home exudes luxury, from the breathtaking views & water access to the high end, modern finishing perfectly mixed with historic roots. Step inside the open concept main living & dining area w/stunning cork flooring, a gorgeous custom kitchen w/ SS appliances including a gas range, Quartz counters/eating bar, wine cooler, custom built-in cabinetry surrounding a cozy, wood burning fireplace w/ access to a lovely deck. 2 bedrooms, a 2 piece powder room & main floor laundry complete this level. Upstairs you will find an incredible Master Suite featuring the original 1927 clawfoot tub, built in cabinetry & balcony as well as another bedroom & 3 piece bath. The low maintenance yard provides easy water access to swim, kayak, or just explore the tide pools. Walking distance to Saxe Point park, shops, recreational centre, & bus routes. This home is the perfect place to relax!


For more information please CONTACT US.

 

Brokerage: Royal LePage Coast Capital - Oak Bay

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TD Bank is offering an aggressively discounted variable mortgage rate of 2.45%—which is 1.15% below its prime—but are there better deals out there?


The bigger question to ask is...should I go variable or fixed?

 

I personally go variable and the reason being :

 

- The penalties are lower in case you want to sell your property or flip it

- You have flexiblity and you can always fix your rate if you are worried of rates going up

- You get a better rate than the current 5 year fixed rate.

 

I personally have always done well in Victoria BC, using a variable mortgage product and recommend, only what I would for myself to my clients as well.

 

If you want peace of mind, however then go with the fixed rate all the way but first make sure you do need to sell your property during the term of your mortgage or you will pay big penalties to get out of your fixed mortgage.

 

Any questions feel free to contact us, we love to help. 

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2 Waterfront Properties Turgoose - Central Saanich

Developers take note, SUBDIVISION POTENTIAL for TWO waterfront lots make this investment an unmatched opportunity. Located on a level .64 acre WATERFRONT property, in an enclave of quality Central Saanich homes, this offering boasts one of the Peninsula’s finest walk-on SANDY BEACHES. Unparalleled water views out over a protected bay & beyond to James Island. Gorgeous outlooks from all principal rooms, including a spacious family room off the kitchen w/ heated tile floors, a generous eating area & double French doors opening to an entertainment sized patio. Landscaped gardens, manicured lawns, beautiful seawall with two access walks. Ideal small boat or kayak launching area. Floor plans; property survey; arial footage and more available.


For details please contact us.

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