Archived blog posts for : June 2011 : page 2

SOLD! Another happy client at 7441 Mark LANE in VICTORIA

Posted on June 17, 2011 by Mark Roozendaal (Re/Max Camosun)

Property Photo: 7441 Mark LANE in VICTORIA

We have just sold another property at 7441 Mark LANE in VICTORIA. We would love to sell your property, just give us a call.

See details here

Imagine your quiet and tranquil life in this near new, custom west coast ocean view home, right across a country lane from the water. No traffic, no noise, just a convenient beach access right at your doorstep. Kayaking, prawning, parks, and endless trails right where you live. A private deep-water mooring ball is also included, right out front. Inside, this rich & warm open concept home has huge windows to invite nature inside. Outside there are great decks to enjoy the peaceful ocean view. Live here and you will be separated from the bustle of the city by hundreds of acres of forest and parks, yet less than 30 minutes to downtown.

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NEW LISTING at 1553 Eric RD in VICTORIA

Posted on June 16, 2011 by Mark Roozendaal (Re/Max Camosun)

Property Photo: 1553 Eric RD in VICTORIA

We have a new listing at 1553 Eric RD in VICTORIA.

See details here

Situated on a quiet road in the prestigious Mount Doug neighbourhood, these beautiful homes with wide lawns surrounded by majestic oaks rarely are offered for sale. Inside this five bedroom home, you will enjoy the large rooms, especially the spacious kitchen with family room attached, leading you out to the warm and sunny patio with gazebo in the large, level back yard. What a great place to relax or play with the kids, inside or out! Even winter mornings are cozy with the multiple fireplaces and brand new heat pump. Perfectly situated in an area of excellent schools, close to UVIC and Camosun, this is the family home that you have been looking for. Make it yours today.

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NEW LISTING at 2858 Austin AVE in VICTORIA

Posted on June 16, 2011 by Mark Roozendaal (Re/Max Camosun)

Property Photo: 2858 Austin AVE in VICTORIA

We have a new listing at 2858 Austin AVE in VICTORIA.

See details here

This cute Gorge cottage oozes charm, character and modern conveniences all packaged on a 235ft deep lot. Walking thru the rain garden to the front verandah you will feel the ambiance of this home. When you enter the leaded glass doorway you will discover an open floor plan filled with space and light, 9 ft ceilings and crown moldings. An updated kitchen and breakfast nook with stainless steel appliances, 2 updated full bathrooms, laundry and the master bedroom round out the main level. The dormered loft/computer nook upstairs makes for a great 2nd bedroom. Don't miss the great storage area in the basement. This is a great opportunity to be 1/2 a block to the Gorge waterway.

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Steady home sales, but inventory is still growing

Posted on June 13, 2011 by Leong & Roozendaal (Re/Max Camosun)

Over the last 30 days, 297 single family houses were sold, down by 1 house from last week. The median price is up $16,500 to $585,000. The average house was on the market for 36 days.

In the same time period, 145 condos were sold, up by 15 condos from last week. The median price is down $88,000 to $209,500. The average condo was on the market for 35 days.

There are now 2,231 houses for sale, up by 37 from last week. Condo inventory has risen by 20 to 1117 suites.

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NEW LISTING at 2168 Players DR in VICTORIA

Posted on June 10, 2011 by Mark Roozendaal (Re/Max Camosun)

Property Photo: 2168 Players DR in VICTORIA

We have a new listing at 2168 Players DR in VICTORIA.

See details here

There may be many houses for sale on Bear Mountain, but few to none with the attention to detail in this very special four bedroom family home. Located on desirable Players Drive, here you will find finishing and fixtures that are a cut above the rest! For example, distinctive Tennessee Hickory floors, Brazilian granite surfaces, better cabinetry, wainscoting, and soundproofing insulation between each room are just a few of the details found in this superior home. Out back, the 6000 sqft lot provides for a spacious rear yard, great for entertaining, and backing onto protected green space to ensure your privacy. This is a must-see home.

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Mortgage rates are down again

Posted on June 7, 2011 by Leong & Roozendaal (Re/Max Camosun)

I just heard from Mortgage Architects that their best mortgage rates have dropped again. A four year fixed term mortgage can now had for as little as 3.59%, down from 3.69%.

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A good week on the market for condo sellers

Posted on June 6, 2011 by Leong & Roozendaal (Re/Max Camosun)

Over the last 30 days, 298 single family houses were sold, down by 12 houses from last week. The median price is down $1,000 to $568,500. The average house was on the market for 35 days.

In the same time period, 130 condos were sold, up by 15 condos from last week. The median price is up $2,600 to $297,500. The average condo was on the market for 34 days. It was an excellent week for condo sales reversing a declining trend. It is too soon to tell, but it would be great for sellers and buyers if this section of the market stabilized.

There are now 2,194 houses for sale, up by 8 from last week. Condo inventory has fallen by 8 to 1097 suites. Inventory remains at a high level and is still increasing. High inventory = more competition. If you have a property to sell, you need to be sharp in your pricing or your property will languish on market.

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SOLD! Another happy client at 1020 Richardson St in Victoria

Posted on June 6, 2011 by Mark Roozendaal (Re/Max Camosun)

We have just sold another property at 1020 Richardson St in Victoria. We would love to sell your property, just give us a call.

See details here

NOW 50% SOLD! Sophisticated Rowhome living at Terra Verde by award winning Abstract Developments. Only the best finishing - with in-floor radiant heat, granite kitchens, private double car garages located in secured underground parkade, skylights, private patios, and thoughtfully designed floor plans to accentuate light and best use of space. Walk Downtown or to the Cook Street Village, while still enjoying peace and quiet in this highly sought after neighbourhood. OPEN HOUSE FRI, SAT, SUN 1-4PM. Estimated Completion March, 2010. Price does not include HST. Call to book your private viewing. Visit our Website at http://terraverdeliving.com/

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Property Transfer Tax First Time Home Buyer Exemption

Posted on June 3, 2011 by Leong & Roozendaal (Re/Max Camosun)

The Property Transfer Tax (the 'PTT') is an expensive add-on for British Columbia real estate purchasers. However, certain buyers can claim either a complete or partial exemption from having to pay the PTT. One of the most commonly claimed exemptions is the one available to First Time Home Buyers. Who qualifies as a First Time Home Buyer and can legitimately claim this exemption? To qualify for the exemption, purchasers must:

i. Be a Canadian citizen, or a permanent resident as determined by Immigration Canada;

ii. Have lived in British Columbia for 12 consecutive months immediately before the purchase date, or have filed 2 income tax returns as a British Columbia resident during the 6 years before the closing date;

iii. Never have owned an interest in a principal residence anywhere in the world at anytime; and

iv. You have never received a first time home buyers' exemption or refund.

In addition, the property being purchased must:

v. be less than $425,000 to be eligible for the full exemption, or between $425,001 and $450,000 to be eligible for a partial exemption;

vi. be less than 0.5 hectares or 1.24 acres, with a proportionate exemption available for properties larger than this size; and

vii. be used by the First Time Home Buyer as their principal residence.

Importantly, if the First Time Home Buyers sell the property or acquire a new principal residence within 12 months of this purchase, they will lose the exemption and the Province will demand for the tax to be paid.

This discussion of the Property Transfer Tax and the First Time Home Buyers Exemption under the Property Transfer Tax Act is intended only as a brief introduction to the subject. Should you have any questions or concerns with respect to this or any other aspect of real estate law, please contact Brendan at Mullin DeMeo, at brendan@mdlawcorp.com, or (250) 477-3327.

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Victoria Housing Market Outlook now available

Posted on June 2, 2011 by Leong & Roozendaal (Re/Max Camosun)

The Canadian Mortgage and Housing Corporation has just released their Spring 2011 market outlook for the Victoria area. It's a pretty informative read. If you would like a copy just call or email and we will send you a copy via email or regular mail.

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