TJI Joists vs. Dimensional Lumber and other stuff people don’t look for when buying a home!

Consumers seem to be more interested in the colour of the kitchen than the actual quality of construction.

Buying a pre-sale single family home in Victoria, B.C…should you have it inspected?

In my opinion, instead of spending your money inspecting during construction or on completion a better choice would be to inspect the home before the various 2-5-10 year stages of the warranty expire.

We know you don’t have a crystal ball….but where do you think the market is headed in Victoria?

If I had any clue I wouldn’t be selling real estate.

Real Estate Investing in Victoria, B.C.; failed sell existing condo and buy pre-sale idea!

2017 Update – What does it cost per square to build a home in Victoria, B.C.?

Update for 2017 – In terms of construction costs (land excluded) you can build a solid home for approximately $150 to $160 per square foot. At $200 per square foot you should be getting into a very nice home and beyond $300 per square foot is for the pure custom homes. Prices can be dramatically affected by type of building lot, heating system, and finishing. For example, you can spend $8,000 on Milgard windows or $40,000 on Pella windows. Pricing can also vary by municipality and make sure to add the square footage of the garage into calculations.

Investment condos Victoria, B.C., to rent furnished or unfurnished?

Personally, I’ve had good experiences renting my units furnished for several reasons outline in the video.

Garden suites in the City of Victoria, rezoning waived, but will they really be easier to build?

What no one has bothered to bring up is garden suite building permits will require a BC Housing owner-builder authorization which involved an impossible to pass exam, so good luck with the process 🙂

What type of buyer demographic is going to buy your home…..who cares!

Evaluating a buyer demographic is important in sale, but the problem in real estate is all buyers whether young or old are using the same tool to find a home; MLS®.

Yates on Yates by Chard Development – Exciting Condo Pre-Sale Victoria, B.C.

In my opinion this is the most exciting pre-sale since the Encore by Bosa!

Victoria, B.C. Real Estate Market 2016 Year in Review and 2017 Predictions

2016 was a crazy year…..what will 2017 bring?

Condos downtown Victoria, B.C., parking spot or not?

With the parking crunch, downtown Victoria parking spots will become increasingly valuable!

You might want to think twice about renting your basement suite due to potential tax implications!

Depending how fast the market is appreciation you could potentially be losing money on your suite each month, if you have to pay capital gains on the portion of the home which is your suite.

***THIS IS NOT TAX ADVICE, CONSULT A PROFESSIONAL ACCOUNTANT***

Failing at Real Estate is usually a result of involving emotion in the transaction.

When shopping for houses, it helps to treat them as direct substitutes such as Coke and Pepsi. If you are set on Coke and won’t consider Pepsi you are more likely to make a bad financial decision.

Victoria, B.C., Downtown Condo Pre-Sale Launches in next 60 days; The Wade, 989 Johnson, 595 Pandora

What do I personally look for?

Are REALTOR® reviews really that valuable to the consumer?

As a REALTOR® it is not very difficult to influence your average online REALTOR® review.

Are condos used as Airbnb really that problematic for strata corporations?

Assuming the city zoning allows for Airbnb and the current bylaws don’t restrict vacation rentals is there really a legitimate need to amend the bylaws to restrict Airbnb and vacation rentals?

Vancouver Airbnb crackdown; the art of political scapegoating.

Why doesn’t the government crack down on strata corporation that don’t allow any rentals in their complexes? Because it wouldn’t be a popular political move. Housing inventory used for Airbnb or vacation rentals is well below 1%; therefore, there isn’t too many people to piss off with the crackdown from a political perspective.

September 2016 Real Estate Market Update Victoria, B.C.

It’s still hot.

Tesla in Car Sales and Mere Postings in Real Estate have something in common.

Tesla shows that the traditional model is not always the best model.

Mere Posting Success and Fails of 2016 in Victoria, B.C.

It really doesn’t make sense to cancel a mere posting and re-list for a lower price with a full commission brokerage!

Encore by Bosa approaches a sellout!

The sales pace at the Encore (at Bayview Place, Saghalie Road) has been dramatically different than that of the Promontory.

Identifying solid pre-sale condo purchasing opportunities in Victoria, B.C.

Ideally you want to be buying a pre-sale unit at a discount compared to an equivalent completed unit in a similar building and in a similar location.

Why are similar condo buildings appreciating at different rates downtown Victoria, B.C.?

The answer is transient zoning.

Will we have a supply problem with downtown Victoria, B.C. condos?

The three major condo projects downtown Victoria are nearly sold out.

Building a new house in Victoria, B.C.? Install a Nema 14-50 in your garage!

During the rough in stage installing a Nema 14-50 in your garage won’t cost you much.

B.C. to end self-regulation of real estate….maybe not a bad idea.

Just look at REALTOR® advertising.

Constructing an Owner-Built Home in Victoria, B.C., Part #36 – NEW HPO Owner-builder Exam?

As of July 4th, 2016 owner-builders in B.C. have to write, and pass, an exam for their application to be approved. The dumbest thing I’ve ever heard off.

Is it time to sell rental properties in Victoria, B.C. due to market value appreciation?

Market value of condos in Victoria, B.C., has gone up drastically in the last 12 months; however, rents haven’t gone up the same extent which means returns are dropping. Does it make sense to sell and re-invest the profits? Maybe not when you factor in transaction costs and capital gains taxes.

What do H&M T-Shirts and real estate commissions have in common? Nothing.

H&M T-Shirt pricing actually makes sense, real estate commissions not so much.

Is the consumer not smart enough to embrace alternative real estate commission models?

Despite the red hot market alternative commission models are not making any strides in terms of market share.