Guide to Buying a Property in Canada
Buying land is considered to be one of the best investments. The land value keeps increasing as days go on, so in the future, this investment long term is profitable. Many people like to purchase properties in other countries or other places. Because it fulfills two purposes, first one, they could enjoy the trip along with their family and the second reason, their purchase in tourist destinations; they could rent and could gain investment money through that property. Before buying any property, the place where the property is going to be bought should be considered, research should be done on the location, you are looking to buy in. Victoria BC is a city, which is situated in the beautiful southern end of Vancouver Island in Canada. Most areas of Victoria, it is possible to catch a glimpse of the beautiful views in Victoria BC. People rush to make a purchase in this city for its weather and its beautiful scenery.
Mostly, people seek the help of a real estate agent to purchase land and houses. There are lots of services available in Victoria BC, which help you to buy the property that will be right for you. As an agent, we listen to the customers' preferences and I put my full effort in order to satisfy my customers. It is better to seek the help of real estate agent services because they will arrange for real estate review sessions through which they will get to know at what type of property, you are looking for in real estate. Newspapers and online will give you the information on the real estate opportunities present in Victoria BC. It is important to first get to know which real estate provides you with most benefits and then you can buy or sell properties through research of this market with the help of an agent. The real estate you purchase will help start you off with with a real estate portfolio, by selling and buying homes or properties in Victoria.
Purchasing a home is one of the most important individual purchases in your lifetime. When purchasing a home, a professional decision must be made, with consideration and understanding of what will fulfill your needs and wishes. You could give preferences on the kind of home you need or that you are looking for, before purchasing, however, it is necessary to have a look at the home, the facilities which are available, the amenities that are close by and to see whether the real estate investment comes under your financial consideration. Condos are apartments which are individually owned and they provide a wide range of options for different real estate price points.
There are some condos which provide luxury accommodation. Life in a condo can make your life better and more enjoyable. Before the purchase of a condominium, it is important to consider the legal and other aspects of owning a condominium.
Townhouses, in general, provide better security and lots of amenities. Townhouses combine the amenities and advantages of both single houses and condos. Investing in those can be beneficial. This will save you your money and at the same time is a profitable investment. Lots of things should be taken into consideration before investing in houses, and the investment made should be an ideal one.
For more information, please Visit real estate listing
Ilaria townhomes for sale in Victoria BC
This project consists of single-family homes that are two floors. The house shares a wall with another townhouse. It is a beautiful project in a fantastic park of Victoria. A must see, please contact us for more details.
Please note as well that, you can find townhomes for sale in Victoria BC. Where property prices are high and the land is in short supply. Often people will look at both condominiums and townhomes for sale.
If you are planning to buy townhomes in Victoria BC and are in the market doing realestate search then BC HomeGroup and Shirin Purewal can help you. Check the listings on our website to find properties that may interest you.
Always here to help, and we can email more information on the Ilaria project above.
VREB market statistics for June released to news media
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A lukewarm spring comes to an end for the Victoria Real Estate market
A total of 740 properties sold in the Victoria Real Estate Board region this June, 4.5 percent more than the 708 properties sold in June 2018 but a 12.7 per cent decrease from May 2019. Sales of condominiums were down 6.1 per cent from June 2018 with 216 units sold. Sales of single-family homes increased 10.4 percent from June 2018 with 394 sold.
"June has trended lower than May for the past few years and tends to signal the end of the active spring market," says Victoria Real Estate Board President Cheryl Woolley. "The summer months of July and August generally see less activity than the spring, as people's attention shifts to vacation and away from real estate. This year, we have seen slightly more sales compared to June of last year. We have also seen one hundred fewer new listings enter the market this year, which continues to make a challenging market for buyers who are hoping for more options."
There were 3,040 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2019, an increase of less than one per cent compared to the month of May and a 17.1 per cent increase from the 2,595 active listings for sale at the end of June 2018.
The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in June 2018 was $898,500. The benchmark value for the same home in June 2019 decreased by 4.3 per cent to $859,600, slightly less than May's value of $860,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in June 2018 was $509,000, while the benchmark value for the same condominium in June 2019 increased by 2.97 per cent to $524,100, higher than May's value of $519,300.
"It is possible that some buyers are waiting for the federal government's new first-time home buyer incentive to roll out this September," adds President Woolley. "The program is intended to assist first time buyers with their down payment. It's hard to estimate how many local buyers may take advantage of the incentive, but because of the low threshold for maximum purchase price, the program may only help those in our area who seek to buy condos. This could mean a slight uplift in lower priced properties in the fall, if more buyers are enabled to enter the market. If you are interested in exploring options and strategies for either buying or selling, it would be a good time to connect with a local REALTOR®, who has the expertise necessary to navigate today's market conditions, neighbourhoods and property types."
Luxury Real Estate Victoria BC
Luxury real estate in Victoria, BC, has truly some of the very best *real estate on earth. Macleans magazine selected Victoria as the number one city in Canada in which to relocate a family business. Conde Nast Traveler magazine voted Victoria the best over-all city in Canada for its environment and ambiance.
One of the things that differentiate luxury real estate in Victoria, BC, from other places is its ideal climate. Victoria is temperate with both mild winters and summers. It is commonplace to see both palm trees and pine trees in beautiful, lush Victoria. If you are concerned about Victoria's proximity to rainy Seattle, don't worry. Victoria gets 1/3 of the precipitation that the Emerald City does. Additionally, the rain shadow effect ensures that Victoria gets more sunshine than the surrounding areas. All of this means that golf is year-round in luxurious Victoria, BC.
Whether you are dreaming of a 10-acre waterfront paradise with a tennis court and pool or an urban, high-rise penthouse suite, the luxury real estate opportunities in Victoria, BC, are plentiful. Practically every little piece of land in Victoria has a breath-taking view of mountains, ocean, or both. Private boat docks and even private islands are not out of the question. If you are looking for quiet solitude, countryside, waterfront chic, an easy, breezy condominium, or classy and conservative, it's on the market in Victoria. Whether you are motivated by making a sound investment, buying your dream house, or both, the luxury real estate in Victoria, BC, can not compete with that in any city in any country.
For more information on luxury real estate in Victoria, contact real estate agent Shirin Purewal at +1-778-401-9545
Affordable Homes in Victoria BC for First Time Buyers
Buying a house in Victoria BC means you are investing in one of the most desirable real estate markets in all of Canada. First time home buyers are sometimes a little intimidated and wonder where they can find affordable homes in Victoria. An experienced first-time buyer expert can counsel you on which Greater Victoria municipalities might offer housing options to suit your need.
Victoria, along with all of south-western British Columbia, has a reputation of high real estate values, but on the whole, Victoria real estate prices are more reasonable than its neighbor across the water, the city of Vancouver. Across the Greater Victoria area, there are a wide range of housing options and a correspondingly wide range of housing prices, so with a little help from an experienced realtor, you will find the right home at a price you can afford.
As is the case in any city, the further you travel from town the better your chances of finding more affordably priced properties. Any real estate venture can become a headache if you aren't careful. In fact, a waterfront property purchase comes with additional concerns that need to be addressed from the start.
Just for comparison, you should look into the MLS statistics for Victoria, Oak Bay, Metchosin, Central Saanich, North Saanich, and Sidney. These desirable communities are probably not within reach of most first time home buyers, but you never know where you'll find affordable homes in Victoria BC with the help of an experienced realtor. After all, it never hurts to look, and might give you a goal to strive for!
BC Home Group is a real estate group in Victoria that values honesty, integrity, and straightforwardness. Having Lived in Victoria, Shirin has a valuable source of information about the Greater Victoria area for those who are interested in moving to this beautiful city. Looking forward to chatting soon!
Victoria Real Estate News- May 2019
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VREB market statistics for May released to news media
A late spring bloom for Victoria real estate market
A total of 848 properties sold in the Victoria Real Estate Board region this May, 12.3 percent more than the 755 properties sold in May 2018 and a 21.8 percent increase from April 2019. Sales of condominiums were up 3 percent from May 2018 with 244 units sold and were up from April 2019 by 20.2 percent. Sales of single-family homes were up 9.6 percent from May 2018 with 445 sold.
"We are seeing lower activity than we have experienced in recent years for spring home sales," says Victoria Real Estate Board President Cheryl Woolley. "Of course, this is not surprising given consumers are impacted by the B20 mortgage stress test, as well as ongoing lower inventory levels. Despite this, we have seen an increase in May for sales over last year. Prices remain strong in the lower price ranges, with little change in our benchmark prices when compared to last year."
There were 3,019 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2019, an increase of 9.7 percent compared to the month of April and a 26.1 percent increase from the 2,394 active listings for sale at the end of May 2018.
The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in May 2018 was $886,200. The benchmark value for the same home in May 2019 decreased by 2.9 percent to $860,800, higher than April's value of $843,500. The MLS® HPI benchmark value for a condominium in the Victoria Core area in May 2018 was $506,100, while the benchmark value for the same condominium in May 2019 increased by 2.6 percent to $519,300, higher than April's value of $512,700.
"May sales have ranged from a high of 1,289 in 2016 to a low of 441 in 1990, which is the year our detailed records began," adds President Woolley. "This month with 848 sales we are very close to the ten year average for overall sales in May, which is 813 properties. We are off from the ten-year average in May for active listings, which is 3,838, with 3,019 active listings last month. The lowest number we've tracked is from 2017 when May of that year saw 1,896 active listings. Though we're not at an all-time low in terms of active listings, anything new and desirable coming into the market that is appropriately priced can sell quickly and we still see multiple offers in these situations. According to established sales to listing ratios, we are in a more balanced market than in previous years, but it is a complicated market to navigate. If you're considering buying or selling, it's a good time to connect with your local REALTOR® to discuss the market and your best approach."
New Condo Project Cameo at 2417 Beacon Avenue, Sidney BC
I have sold a property at 651 Grenville AVE in VICTORIA

Thetis Glen - Victoria BC - Limona Group
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Capital Park Victoria BC - Pre Sale Condo
Living at Capital Park Residences encourages a healthy and active lifestyle with its central, pedestrian and cycling-friendly location. Designed to LEED® Gold standards, this development is being built to create an environmentally-conscious residence, which includes provision for electric vehicle charging at every parking stall.
With the new federal rebate incentives on zero-emissions vehicles that came into effect last week to supplement existing provincial incentives, there is now more reason to consider going green. These initiatives are part of Canada’s strategy to reduce transportation-related emissions by getting more electric and hybrid cars on the road. With upwards of $10,000 available to you in government rebates, combined with Capital Park Residences’ EV-friendly parking, making the switch to an electric vehicle has never been easier.


With 15 homes already sold this spring, and construction advancing, now is the time to secure a sophisticated residence in this inviting new community. Visit the Presentation Centre today to tour the fully furnished Display Suite and learn about our wide selection of floorplans.
Month of May - MLS Real Estate Statistics Victoria BC
I have sold a property at 649 Grenville AVE in VICTORIA

Information for Victoria BC First Time Home Buyers
- The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation (CMHC).
- It is expected that approximately 100,000 first-time home buyers would be able to benefit from the Incentive over the next three years.
- Since no ongoing payments would be required with the Incentive, Canadian families would have lower monthly mortgage payments. For example, if a borrower purchases a new $400,000 home with a 5 per cent down payment and a 10 per cent CMHC shared equity mortgage ($40,000), the borrower's total mortgage size would be reduced from $380,000 to $340,000, reducing the borrower's monthly mortgage costs by as much as $228 per month. Terms and conditions for the First-Time Home Buyer Incentive would be released by CMHC.
- CMHC would offer qualified first-time home buyers a 10 per cent shared equity mortgage for a newly constructed home or a 5 per cent shared equity mortgage for an existing home. This larger shared equity mortgage for newly constructed homes could help encourage the home construction needed to address some of the housing supply shortages in Canada, particularly in our largest cities.
- The First-Time Home Buyer Incentive would include eligibility criteria to ensure that the program helps those with legitimate needs while ensuring that participants are able to afford the homes they purchase. The Incentive would be available to first-time home buyers with household incomes under $120,000 per year. At the same time, participants' insured mortgage and the Incentive amount cannot be greater than four times the participants' annual household incomes.

I have sold a property at 972 Jenkins AVE in VICTORIA

The Railyards - Homes in Victoria BC
Located by the Selkirk Waterway and located within the Victoria Inner Harbour. This popular project is selling out fast. The Railyards consists of 1 and 2 bedroom homes with high end finishings, within walking distance of Victoria's inner harbour. These homes are located Downtown Victoria and they will impress you. This project is currently pre-selling. The two bedroom townhouses are approximately 1200 sqft and have a modern look and feel to them. If you are interested in getting more information on this project. Please do not hesitate to contact me. LINK
The Developer of this project is LeFreve & Company and this is a trusted developer and the project is located in a very central and fantastic location of Victoria BC. Let's go and see this project.
Excited to Share this Project with YOU!
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.
Houses for Sale in Victoria BC under 600 000
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