December 2016

Found 3 blog entries for December 2016.

2 Bedroom Condo 'Coming Soon'

We are pretty excited to list a great Condo for Sale in Victoria, right off the Oak Bay Village corridor!

 

Details

Bright and spacious west facing TOP FLOOR SUITE with Skylights. Located at the corner of Oak Bay and Richmond Avenue, this freshly renovated suite is close to all amenities, notably the Oak Bay village and all the shopping and restaurants that it offers.

It is also moments from downtown Victoria as well as the nearby Royal Jubilee hospital and education facilities of U.Vic.& Camosun .

Great floor plan has 2 bedrooms,master with a walk-through closet and full 4 piece ensuite, the living room features a gas fireplace and with the gas included in the assessment this suite is very economical to heat. The den

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First Time Home Buyers

Premier Christy Clark this morning announced a new program designed to support first time homebuyers.

Meeting the press today, Clark referred to the difficulty first time home buyers experience saving up a down payment. While many first time home buyers qualify for a mortgage, they can't assemble funds required for their initial down payment.

Interest & Payment Free for first 5 Years

The BC Home Owner Mortgage and c contributes to the amount first-time homebuyers have already saved for their down payment, providing up to $37,500, or up to 5% of the purchase price, with a 25-year loan that is interest-free and payment-free for the first five years.

 

 

During the first five years, no monthly interest or principal payments are

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Current Market Statistics

 

 

High Demand Continues as Inventory Shrinks in the Victoria Housing Market December 1 2016,Victoria, BC

A total of 599 properties sold in the Victoria Real Estate Board region this November, 4.5 per cent more than the 573 properties sold in November last year.

Inventory is Down

Inventory levels remain lower than last year, with 1,815 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2016, 38.5 per cent fewer than the 2,952 active listings at the end of November 2015.

"Our current housing market is in a strong cycle due to many factors, including our current positive economic conditions, baby boomers retiring here, millennial buying cycles, a low Canadian dollar

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