Waterfront LIVING on Vancouver island

Vancouver Island is fast becoming one of the most sought after locations to find waterfront properties, Be it oceanfront or a lakefront property, dive into the realities of waterfront living as I unveil the many considerations that need to be taken in owning a shoreline home.

Wilderness At Your Door

Living on a waterfront property on Vancouver Island in British Columbia is a dream for many. The stunning views, the variety of wildlife at your doorstep, the soothing sounds of the water lapping the shoreline and the promise of a unique lifestyle.

Considerations for Ownership

Prospective buyers should take into account a variety of factors associated with owning seaside or lakefront real estate in this…

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Interest rates a large factor in Victoria market

November 1, 2023
-A total of 407 properties sold in the Victoria Real Estate Board region this October, 15.2 per cent fewer than the 480 properties sold in October 2022 and a 17.4 per cent decrease from September 2023. Sales of condominiums were down 7.2 per cent from October 2022 with 141 units sold. Sales of single family homes decreased 16.1 per cent from October 2022 with 193 sold. 

“Overall, property sales drifted down in October compared to the previous month, likely due to consumers continuing to navigate interest rates higher than those seen in nearly two decades,” said Victoria Real Estate Board Chair Graden Sol. “The uncertainty around the direction of…

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Upcoming New Legislative Changes

There are new provincial and municipal legislative changes coming soon related to short-term rentals. The province defines short-term rentals as accomodations rented out for a period of less than 90 consecutive days. The new rules will apply to cities with a population of 10,000 or greater. British Columbia's provincial rules allow each municipality to determine their specific regulations and bylaws.

There is much debate about whether tightening the current rules in place will improve the rental market situation. 

The BC goverment issued a news release on Oct.16th, 2023 regarding the introduction of legislation to regulate the short term rental market. The purpose for this amendment is an attempt to alleviate…

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