The smaller the condo the better the return! Marko Juras | REALTOR® | Associate Broker | Fair Realty

You have to be very careful as unoccupied units are still considered new upon resale so GST would be payable upon the resale transaction even thought the seller paid it previously when they completed. The federal government considers this transaction a transfer of unoccupied inventory.

For the most part, bylaw restrictions lead to lower re-sale market values.

You have to consider a few different factors in making this decision.

The new building code is improving air exchange in condos but also substantially adding to the cost of construction!

Your average “spec” house in Victoria actually has quite a few upgrades.

Not a huge fan. My primary reason being not all inspectors are made equal!

I don’t think much will change in the near future. The consumer has to embrace alternative business models.

Nope….as the market slows down it becomes more difficult to sell everything including listings that are listed via mere posting.

Aesthetics aside two doors is way more practical than three doors!

I don’t prescribe to this philosophy of “never discount.” I run my real estate business just like I would run any other business.

A lot of it comes down to personal preference.

Brand new homes (built by a licenced builders) have to carry a third-party warranty so there is protect should the developer disappear or cease to operate.

Difficult question to answer, but does it really have to do with the quality of education at the school or the socioeconomic status of the kids at school?

Sales have been trending downwards for two years; however, we are still at record low inventory. What happens next?

The NDP look to stabilize the market with a PTT increase; foreign buyer tax of 20% including Victoria; and a 2% speculation tax!

I’ve always bought concrete as I don’t feel there is enough of a discount on the wood-framed product.

Based on the one example we have in Victoria, B.C., I would say approximately 10 to 12%.

Rogers talks about his experience shopping for a home in this market.

Fundamentally I agree with the new rules; however, it will create some challenging practical problems.

The rooftop, the gym, and the “beach” access!

So far the market isn’t showing any signs of slowing down.