Victoria, BC Real Estate News

By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
Apartment Investors| Not All Multifamily Rental Buildings Are the Same. Multifamily Apartment rental properties are not all the same. By that I mean, they often have different suite mixes i.e, One bedroom suites, Bachelor suites and Two and Three bedroom suites and often all of these types of suites are in an Apartment  building. I have found a mixed suite mix the most popular with Investors as opposed to a building with all one or two bedrooms or bachelor suites.And a lot of these buildings are heated differently, and some  owners include the heating costs otherwise the tenant pays for their own heating inside their suite. Common areas such as hallways are heating costs borne by the Apartment Investor owner.Apartment Investors you’ll find most new Multifamily Apartments now have electr...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
Do You Monitor Your Perimeter Home or Building Drains? We all should do Regular Home and Building Perimeter Drain Maintenance.  Drains are out of sight and we forget or do not know to keep our drain clear.Rain and Groundwater most flow away from our home easily to the local storm system. Call a Drain expert to check your drains and help you with regular maintenance of your perimeter house or building drains.  Do You Monitor Your Drain YouTubeDo You Monitor Your Perimeter Home or Building Drains?
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
Apartment Investments Income Property Victoria BC The most common and best understood form of apartment investment for income property is the apartment house.The apartment house can run from the frame two family house up to the 500 unit apartment complex.Newer apartment houses are generally wood frame or concrete construction and range from the suburban “ garden type”  apartment house to ultra high -rise apartment building.See my Income Properties versus Real Estate Investment post.Older apartment houses of brick (wood frame on the west coast ) construction are usually located in urban areas (although there are a few in older suburban areas). They are generally referred to as elevatored buildings or “walk-ups” (without elevators).Victoria Apartment InvestmentsSmaller apartment houses of...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
PHOTO OF OAK BAY'S  WILLOWS BEACH ONE FOGGY MORNINGI took this photo early one morning along Willows Beach in Oak Bay.Oak Bay is a seaside community located in Victoria BC on the southern tip of Vancouver Island. It’s a due East to downtown and is considered one of the 13 municipalities of Greater Victoria.Oak Bay has been cited as one of the best neighbourhoods in Victoria and it feels like its own small seaside village. Oak Bay boasts old English style streets lined with galleries, pubs, restaurants, and shops. There are plentiful gardens, beaches, and parks and the Oak Bay Marina and the Royal Victoria Yacht Club are just a couple notable landmarks.Learn More about Oak Bay on my neighbourhood page on my Victoria Homes and Properties web siteEARLY IN THE MORNING PHOTO ALONG WILLOWS BEACH
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
Income Properties Differ From A Real Estate InvestmentHow an income property differs from a real estate investment .Income property is to real estate investment as Apples are to Fruit. Income properties (Apples) are a kind of real estate investment (Fruit). However, not all real estate investments (Fruit) are income properties (Apples). What makes the difference ?Real Estate Investments ( a general term ) Any form of Real Estatë can be bought for investment purposes . This includes raw land, houses, apartment houses, vacant warehouses, in short, any real estate, anywhere, can be bought for investment. Ten thousand acres of a swamp in Brazil ...Vast acres of desert land..A house in ski country ...A forty story skyscraper ...All real estate investments . Income Property ( a Real Estatë In...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
Investments in Apartments offer Three Streams of Income, Rental Income, Mortgage Reduction and Appreciation. Talk To Me Fred Carver PREC 250-413-7042 if you are Planning on Selling or Investing in an Apartment Complex, email fred@fredcarver.com and plan a time to meet to discuss your Apartment investment needs. I have been selling Apartment Investments in Victoria, BC and Vancouver Island since 1971.  PERFECT STORM.... WITH TODAY'S LOW APARTMENT MORTGAGE RATES.Victoria Apartment building investors are paying higher prices for existing and New apartment building complexes.In turn, Victoria Apartment investors are seeing better rates of return on their apartment investments with the lower apartment mortgage interest rates.I recently Sold two Apartment complexes(picture of one of the build...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
FUNNY FRIDAYS TGIFF-A REVERSE MORTGAGE DOES NOT MEAN YOU CAN BACK OUT OF IT!  As we prepare for our weekend , I chuckled at this Cartoon.  Have a fun and successful weekend :O) TGIFF Thank God it’s Funny Friday’s 
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
FUNNY FRIDAYS TGIFF- Sorry I can't seem to find a home next door to a home for wayward cats... As we prepare for our weekend , I chuckled at this Cartoon.   TGIFF Thank God it’s Funny Friday’s   
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
St Patrick’s Day Things To Do in Victoria, BCSunday March 17, 2019. St Patrick’s Day Family Fun Day at Market square. Dress in your leprechaun best and enjoy Irish Dancers, live music , Irish themed food vendors, crafting station balling art, face painting and bouncy castle.  Sunday 12-5 pm at 560 Johnson street. St Paddy’s Day at Irish Times Pub with Qristina Bachand 11 am to 1pm Calvin and Jeremy 3-6 pm Bobby Smith 6:30 to 8:30pm Black Angus 9pm -close 1200 Government st www.vicpubco.ca Cookeilidh St Patrick’s Day at Six Mile Pub 494 Old Island Hwy 2-5pm Sugar Shack- Cabane a sucre , a celebration of maple syrup with delicious food and music 11am - 2pm at Ecole Victor -Brodur 637 Head St Tickets at eventbrite.ca Colin James, Miles to Go Tour at the Royal Theater 7:30 pm tickets www.rm...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
WHOOOHOO...SPRING FORWARD SUNDAYSpring is Just around the Corner.... Days will get Longer after Sunday as we move our ClocksAhead One Hour tonight.Spring Forward .....It's almost time to MoveYour Clocks Ahead One Hour as DaylightSaving Time Starts March 10 at 1.59 AM..Remember put all your Clocksand Watches ahead. Good News we'll all get extra daylight after work.Personally, I change my Clocks ahead one hour when I go to Bed on March 09.Here's a great Reminder to also Change you Smoke Detector Batteries at the Same Time Daylight Savings begins and ends.
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
FUNNY FRIDAYS TGIFF-OF COURSE GET A PICTURE OF THE HOUSE As we prepare for our weekend , I chuckled at this Cartoon.  Have a fun and successful weekend :O) TGIFF Thank God it’s Funny Friday’s Source: VictoriaHomesAndProperties.com
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
365 Things to Do in Victoria-Feb 22/19 Weekend. Be a Tourist in your Own Town Event Gives You an Opportunity to advantage of discount offers from Great Victoria Attractions, Activities, food and drink tastings, tours and outdoor adventures When: Starting today Friday Feb 22 through to  Sunday Feb 24 then again on March 1 to March 3rd. Victoria Boat and Fishing Show.Today Feb 22 1-8pm Saturday 9:30am to 5:30pm Sunday 10am to 6pm Where:A tEagle Ridge Dry Arena, 1089 Langford Parkway Victoria Early Spring Home Expo with more than 150 exhibitors.Today Friday 22 1-9pm, Saturday 9:30 am to 5:30 pm, Sunday 10 am to 4 pm, Where: Pearkes Recreation Centre, 3100 Tillicum Rd The Monopoly Affair Saturday 23/19 With a new twist on an old classic, tables of six players are lead by a banker in 90-minu...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
GORDON HEAD | LAMBRICK PARK REAL ESTATE FOR JANUARY 25 2019This popular bedroom community is always popular with Victoria home buyers. One reason is the University of Victoria is Located on the SE corner of this neighbourhood in our Sannich Municipality. Just North of the District of Oak Bay another popular neighbourhood in Victoria, BC- See Victoria Map. Gordon Head is a seaside neighbourhood in the greater Victoria area and the larger municipality of Saanich.It’s north of McKenzie Avenue and East of the Blenkinsop Valley. The University of Victoria is partially located within this community along the southeast boundary. Gordon Head borders Cadboro Bay and encompasses Mount Douglas And the Mount Douglas Park. The neighbourhood shares its name with a small strip of land that juts out in...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
SHOULD I LIST MY HOME IN VICTORIA FOR SALE NOW OR IN THE SPRING? WILL YOU BE MOVING THIS SPRING? TIMING…TIMING as the saying goes "Is Everything". Many other folks in Victoria are also planning to put their house on the market in the spring. Studies show when selling any product, it is extremely helpful to have as little competition as possible. Here are some reasons why the Winter months in Victoria can be the best time to Sell: Many Corporations notify their employees of a pending transfer Fewer homes are on the market, so less competition from other Victoria Home Sellers Interest Rates for home financing is traditionally lower Very few people are “Just looking” and are serious about relocating and ready to Buy their next home in Victoria If the current downward pressure on Real Estat...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
Oak Bay Real Estate | Market Review Nov 30, 2018 Nov 30/18 Oak Bay Real Estate.. Activity-Indicates heading to a a balanced real estate Market in Oak Bay. Find Photos and Details Here on Current Oak Bay Homes For Sale.Oak Bay Real Estate... Sept 2 Single Family Home Stats:Total Oak Bay Single Family Home Sales inNovember = 20 Average Oak Bay Home Pending Selling Price in August was $ $1,906,285. A Single Pending Sale of $7,853,000  Tarn Pl in the Uplands area pushed the Average sale price upTotal Oak Bay Single Family Home Completed Sales in August = 13 Average Oak Bay Completed Home Selling Price  was $1,601,146Oak Bay Real Estate.. activity since Jan1 of 2018 indicates it's still a Seller market in Oct with 5 months of inventory of Single Family homes, and heading to a balanced market...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
Victoria, BC-Fairfield Real EstateI thought I would share with you the Current Heartbeat of the Victoria-Fairfield real estate market place Today around the Fairfield area of Victoria.This Morning I looked up on our Victoria MLS system Fairfield  Real Estate Map Areas Fairfield East, Fairfield West and Downtown for Current residential single family Listings and Pending Sales...Surpising to see the Amount of Activity in Pending Home Sales...Wow.So Far in Month of  November in Fairfield there is a total  98 MLS Pending Sales, with 14 Single Family Homes, 80 Condo's and 4 Townhouse's sales.Real Estate map area of Fairfield In the Fairfield neighbourhoods there are Currently  28 Single Family Homes For Sale with an average asking price of  $1,522,000. In the Fairfield neighbourhoods there a...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
OK VICTORIA HOME BUYERS IT'S YOUR TURN NOW… Real Estate Markets Change from time to time. In Victoria and many other cities it has been a Home Seller Market with many Bidding Wars with Buyers trying to Buy their next home. FIND OUT ONLINE WHAT YOUR VICTORIA HOME IS WORTH TODAY.Now with Rising Mortgage Interest rates Victoria home sales have slowed considerably with little or no Bidding wars like last year. Here’s a Quick Snapshot of our Real Estate Market in Victoria, BC I am sure home sales have slowed many other cities in North America.  When I search New home Listings in the Last 30 days and the number of Pending home Sales, in Victoria Core Neighbourhoods we soon see the slowdown. Just 15% of Victoria Homes and Selling in the Core in 30 days.Ok Home Buyers It’s your turn now… The Go...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
 EARLY MORNING WALK ALONG GOLDSTREAM RIVERAfter a night of Light Rain Fall last Night I headed out to a favorite spot for a walk with my Mini Poodle. Goldstream Park where Cedar and Douglas Fur Trees are about 600 years old and Goldstream River wonders through the Park to the Open Ocean. In late Fall Chum Salmon  migrate back to the River to Span each year. Here is my Video I took a Video of Goldstream River this morning, notice the water levels are still to low for Salmon. They usually migrate back up the river in Late October and Earlier NovemberThis location they count Salmon return and River water levels  Here's a sign outlines Fishing Prohibition Rules on Goldstream River More Photos of the surrounding area.River Water Level Recording HereTrail Along Goldstream River Fall Season Co...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
Victoria BC Real Estate August Market ReportVictoria’s Real Estate Market Simmers at the End of Summer A total of 594 properties sold in the Victoria Real Estate Board region this August, 19.3 per cent fewer than the 736 properties sold in August of last year, and an 8.8 per cent decrease from July 2018. Sales of condominiums were down 5.3 per cent from last year in August with 195 units sold. Sales of single family homes were down 22.1 per cent from 2017 with 304 sold this August. “Prices in our market are quite flat right now, with a slow, long-term trend toward a more balanced market,” says Victoria Real Estate Board President Kyle Kerr. “Listings have remained relatively static for months after an initial increase last spring. However, this plateau has included more high value inven...
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By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
Oak Bay Real Estate | Market Review Sept 2, 2018 Sept 2/18 Oak Bay Real Estate.. Activity-Indicates heading to a more balanced Market in Oak Bay. Find Photos and Details Here on Current Oak Bay Homes For Sale.Oak Bay Real Estate... Sept 2 Single Family Home Stats:Total Oak Bay Single Family Home Sales inAugust = 41 Average Oak Bay Home Pending Selling Price in August was $ $1,925,529. A Single Pending Sale of $7,888,000 in the Uplands area pushed the Average sale price upTotal Oak Bay Single Family Home Completed Sales in August = 24 Average Oak Bay Completed Home Selling Price  was $1,837,417Oak Bay Real Estate.. activity since Jan1 of 2018 indicates it's still a Seller market in August with 5 months of inventory of Single Family homes, and heading to a balanced market between home buy...
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