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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.

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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SOLD! Another happy client at 27 Parkcrest DR in VICTORIA

Posted on June 1, 2011 by Mark Roozendaal (Re/Max Camosun)

Property Photo: 27 Parkcrest DR in VICTORIA

We have just sold another property at 27 Parkcrest DR in VICTORIA. We would love to sell your property, just give us a call.

See details here

This Westcoast split level home is located on a cul-de-sac backing onto Craigflower Creek. It offers a waterfront lifestyle at an affordable price. This home features a family room, sun room off the kitchen, separate dining room, living room with vaulted ceilings and fireplace. Laundry room and power room off the carport and an upper level with 3 bedrooms and 2 bathrooms. Updates include new stainless fridge/stove, bathroom vanities, sunroom, fire pit/water feature wall, '02 roof, '09 HW tank, patio & landscaping. Cosmetic updating would greatly add value to this family home.

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SOLD! Another happy client at 6671 Mark LANE in VICTORIA

Posted on June 1, 2011 by Mark Roozendaal (Re/Max Camosun)

Property Photo: 6671 Mark LANE in VICTORIA

We have just sold another property at 6671 Mark LANE in VICTORIA. We would love to sell your property, just give us a call.

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Imagine your new home... 180 degree ocean views greet you from every principal room. Whether relaxing by your three fireplaces, entertaining in your large island kitchen, or lounging on your expansive deck, the warm South and West exposure is a rare find. Inside you'll find a home boasting numerous upgrades which feels warm and cozy, but offers lots of room for the whole family. Just off the master bedroom, retreat to a secluded deck with your own hot tub. Located across the road from the ocean, beaches, parks, and hiking trails are just steps away. With town less than 30 minutes away, Willis Point on the Saanich Peninsula will show you what West Coast living is all about!

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SOLD! Another happy client at 1904 Leighton Rd in Victoria

Posted on June 1, 2011 by Mark Roozendaal (Re/Max Camosun)

We have just sold another property at 1904 Leighton Rd in Victoria. We would love to sell your property, just give us a call.

See details here

Real old-world ambiance in this character charmer with beautiful old flooring and spacious rooms. Additional LEGAL accommodation in high-ceiling downstairs area. Centrally located on a sunny, peaceful street but close to Oak Bay shops & amenities. Walk to Village, Recreation Centre, hospital, easy access to bus routes and Downtown. Many of the older homes have lots of charm but also have lots of problems to spend money on!! About $130,000 spent on improvements such as sewer link, new roof, new construction of suite by permit, heated floors in the suite and much much more. Floor plans, photos etc at www.morganbaker.com

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Great News - no interest rate hike today!

Posted on May 31, 2011 by Leong & Roozendaal (Re/Max Camosun)

Today the Bank of Canada annnounced that they are keeping their trend setting interest rate where it is. There was fear that they would increase the rate, which would have lead to higher borrowing costs.

For home owners, and prospective home owners, this is great news as we continue to enjoy extremely low mortgage rates.

It is inevitable that mortgage rates will eventually increase. If you are considering purchasing a home, or upgrading to a larger home, this may be a great time to take advantage of some of the most afforable mortgages ever.

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