Local news that affects Real Estate in Victoria and BC.

What is Capital GainS Tax?

Capital gains in Canada refers to the appreciation in value of any asset or investment since its purchase. When you sell the asset such as a property, at a higher price than what you paid for it, the profit made from the sale is considered a capital gain. This applies to various types of properties including cottages, second homes, investment properties or rental units. So as a Realtor, understanding capital gains is crucial for effectively advising clients on their property transactions and investments.

What are the changes coming to the Capital Gains Tax?

  • Budget 2024 announces the government's intention to increase the inclusion rate on capital gains realized annually above $250,000 by individuals and on all…

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Little change in the housing market this Spring could mean a potential Buyers Market


The Canadian real estate sector displayed minimal fluctuations in March 2024, with both home sales and prices maintaining a steady course. Transactions documented through Canadian MLS systems experienced a marginal uptick of 0.5 percent compared to the previous month, yet remained below the ten-year average.

Similarly, the MLS Home Price Index (HPI) demonstrated marginal movement, dipping by 0.3 percent month-over-month. Analysts suggest that the current landscape, characterized by elevated interest rates and speculation regarding potential rate adjustments, may be influencing market dynamics.

Canadian consumers appear financially strained, potentially…

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Simple Changes For
Significant Resale Value






Enhancements in and around the home not only enhance your overall quality of life but also contribute to an increase in the property's value, particularly if you're contemplating a sale. Numerous factors can positively impact a homes value with the potential to elevate your home's worth.

Consider the following key aspects when aiming to increase your property's value. Not all home improvement projects are equitable, so it is crucial to work with a real estate professional to determine what buyers want and what projects will give you a return for when selling your home.

The best return on investment home improvements include:

Kitchen Remodel

The kitchen, often considered the heart of the…

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The Selling ProcesS

In the dynamic world of realestate, selling a property requires a strategic and comprehensive approach. As a dedicated professional in my field, my mission is to provide unparalleled services to my sellers, ensuring a seamless and successful selling experience. From strategic marketing to personalized guidance, here is a glimpse of the exceptional real estate services I offer to those looking to list their property with me. 

Strategic Pricing Analysis

Not all properties are the same and setting the right price is crucial to attract potential buyers and maximize returns. There are many factors that will impact a listing price including the current condition and age of your home, the topography of your location,  access to…

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Victoria Market Report - Feb.2024

A balanced market means opportunity for buyers & sellers in Victoria

February 1, 2024  A total of 341 properties sold in the Victoria Real Estate Board region this January, 22.7 per cent more than the 278 properties sold in January 2023 and a 3.6 per cent increase from December 2023. Sales of condominiums were up 10.9 per cent from January 2023 with 112 units sold. Sales of single family homes increased 35 per cent from January 2023 with 162 sold.
  "Our housing market eased into the new year with a renewed sense of balance," said 2024 Victoria Real Estate Board Chair Laurie Lidstone. "Sales were up slightly based off last year's very low numbers, and overall, we saw the stabilization that we observed in late…

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Victoria Market Report - Jan.2024

The 2023 Victoria real estate market year in review 

A total of 329 properties sold in the Victoria Real Estate Board region this December, 2.8 per cent more than the 320 properties sold in December 2022 and a 16.5 per cent decrease from November 2023. Sales of condominiums were up 14.9 per cent from December 2022 with 108 units sold. Sales of single family homes increased 1.3 per cent from December 2022 with 158 sold.

A grand total of 6,207 properties sold over the course of 2023, 8.77 per cent fewer than the 6,804 sold in 2022.

“I’ve spoken a lot this year about our market’s return to traditional seasonal patterns,” said 2023 Victoria Real Estate Board Chair Graden Sol. “And at the conclusion of 2023…

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MY RECENTLY 'SOLD' LISTINGS  

I am happy to report the successful sale of the properties I had listed below.

Strategic marketing, patience, communication and a dedicated team effort played a crucial role in achieving the optimal outcome for our sellers. 

A big thank you to all my clients for entrusting me with the sale of their properties.

If you are you looking to buy or sell a property on Vancouver Island or in the Gulf Islands, please don't hesitate to reach out and contact me today for a personal consultation to see how we can work together to achieve your real estate goals.

160-210 Russel Road - Victoria West

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 1817 Fairfield Road - Victoria, Fairfield East

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 Victoria Market Report - Dec.2023



Slower winter markets can benefit buyers and sellers

December 4, 2023 - A total of 394 properties sold in the Victoria Real Estate Board region this November, a 2.6 per cent increase from the 384 properties sold in November 2022 and a 3.2 per cent decrease from October 2023. Sales of condominiums were down 11.8 per cent from November 2022 with 120 units sold. Sales of single family homes increased by 6 per cent from November 2022 with 193 sold.

“It’s unsurprising to see this slight relaxation of sales in the market,” said Victoria Real Estate Board Chair Graden Sol. “Given the current interest rate environment, our sales numbers are lower than long term averages, but the pattern of seasonality within those lower…

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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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VICTORIA MARKET REPORT - Nov. 2023



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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