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Victoria, BC Real Estate News

By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
THIS WINTER IS THE BEST TIME TO SELL YOUR HOME IN VICTORIA WHILE THE  INVENTORY IS LOW Victoria Real Estate Inventory is low, but there still great variety of properties for buyers in the Victoria Real Estate Market, Victoria BC – A total of 772 properties sold in the Victoria Real Estate Board region this February, an increase of 42.4 per cent compared to the 542 properties sold in the same month last year.   Inventory levels are lower than the previous year, with 2,562 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February, 26.4 per cent fewer than the 3,480 active listings at the end of February 2015.  Google Fred Carver Personal Real Estate Corporation Victoria to find out more on Victoria BC Real Estate.Prospective sellers may wa...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
March 1, 2016 Victoria BC - The Victoria Real Estate Board today released its report on Multiple Listing Service® real estate activity in the Victoria area for the month of February 2016.   A total of 772 properties sold in the Victoria Real Estate Board region this February, an increase of 42.4 per cent compared to the 542 properties sold in the same month last year.   Inventory levels are lower than the previous year, with 2,562 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February, 26.4 per cent fewer than the 3,480 active listings at the end of February 2015.   "We continue to see the effect of supply and demand on the market," notes Mike Nugent, 2016 President of the Board. "Areas near the downtown core have limited inventory, ...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
GORDON HEAD & LAMBRICK PARK REAL ESTATE | FEBRUARY 26, 2016This 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.So far this Year 23 homes have Sold in Gordon Head and Lambrick Park since January 1, 2016.If you are getting ready to sell your Gordon Head or Lambrick Park Home soon, I make it easy to find out what your home is worth in the current busy real estate market.     I created an easy to use (Go Here) >Gordon Head Current Market Analysis page to help Gordon Head & Lambrick Park Home owners search online to find out what their homes are wort...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
On February 16th, the BC Government announced the 2016 Budget for the province, which introduced several changes to the Property Transfer Tax Act.  These changes affect any real estate transaction that is completing February 17th onwards, regardless of the date the contract of purchase and sale was executed. 1.    Changes to the BC Property Transfer Tax Rate One of the changes to the Property Transfer Tax Act is a new tax rate of 3% for properties with a fair market value greater than $2,000,000.  The Property Transfer Tax (PTT) is now calculated as follows: 1.    1% of the taxable transaction’s fair market value that does not exceed $200,000.2.    2% of that fair market value that exceeds $200,000 but does not exceed $2,000,000.3.    3% of that fair market value that exceeds $2,000,000...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
THE 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 in Victoria that showed almost a 5 cap rate and with the 2.65% mortgage the Return on the buyers cash Investment (ROI) was over 8%.If you are planning on selling a single building or your entire apartment portfolio in Victoria, call me directly 250-413-7042 or email fredcarver@remax.net and I'll gladly meet with you and show you how I can get you Top Dollar for your Victoria BC Apartment building. For more information on incom...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
JUST SOLD TWO VICTORIA 6 STORIES APARTMENT COMPLEXES FOR 23.3 MILLION DOLLARS.Are you considering selling your apartment complex or your apartment portfolio ? We're in the perfect storm today, with today low Apartment Mortgage Interest Rates. Because of this Apartment Investors are paying top dollar for apartment buildings In Victoria. In turn Investors are seeing better returns with today's low apartment mortgage rates.I recently Just Sold two Buildings to Vancouver Apartment Investors. Selling Price Over $23 Million Dollars for 109 Units. The Mortgage on one building is at only 2.65% interest with a ten year term, 30 year amortization. The Buyer Paid Cash for the other building. Total cap rate worked out to about 4.8% for the Buyers. Double the cap rate what many apartment Buildings a...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
This 2016 Victoria BC started with the busiest month of property sales in January since 2002. A total of 539 properties sold in the Victoria Real Estate Board region this January, an increase of 53.6 per cent compared to the 351 properties sold in the same month last year.Are You Looking for a Home in Victoria? Go Here to Find Homes In Victoria For Sale then call me to set up an appointment, homes are in demand and selling quickly.Inventory levels are lower than the previous year, with 2,471 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January, 24.7 per cent fewer than the 3,283 active listings at the end of January 2015."Though the ongoing count of properties for sale is low, the number of new listings entering the market is close t...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
GORDON HEAD & LAMBRICK PARK REAL ESTATE | JANUARY 30, 2016This 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.So far this Year 187 homes have Sold in Gordon Head and Lambrick Park since January 30, 2015.If you are getting ready to sell your Gordon Head or Lambrick Park Home soon, I make it easy to find out what your home is worth in the current busy real estate market.     I created an easy to use (Go Here) >Gordon Head Current Market Analysis page to help Gordon Head & Lambrick Park Home owners search online to find out what their homes are wor...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
SOUTH OAK BAY HOMES FOR SALE IN OAK BAY VICTORIA BC JANUARY 30, 2016 South Oak Bay Homes are Very Popular, check out my live map of South Oak Bay Homes For Sale. Come back often this map is live and new listings are added often..Of course you can signup here to receive automated Emails in your email in box with New Homes For Sale Oak Bay in Victoria BC Daily. I have also created a HOMES FOR SALE IN All of OAK BAY in VICTORIA, BC  search for the Newest listings that will help you find all the latest Homes For Sale in Oak Bay on MLS for the Last 6 Days…. No Need to Sign up, Just call me Fred Carver Personal Real Estate Corporation 250-598-2963 And I'll help you find the right home for sale in Oak Bay for YOU and your family. Google Fred Carver Oak Bay for More details on Oak Bay Real Esta...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
SOUTH OAK BAY HOMES FOR SALE IN OAK BAY VICTORIA BC JANUARY 11, 2016 South Oak Bay Homes are Very Popular, check out my live map of South Oak Bay Homes For Sale. Come back often this map is live and new listings are added often..Of course you can signup here to receive automated Emails in your email in box with New Homes For Sale Oak Bay in Victoria BC Daily. I have also created a HOMES FOR SALE IN All of OAK BAY in VICTORIA, BC  search for the Newest listings that will help you find all the latest Homes For Sale in Oak Bay on MLS for the Last 6 Days…. No Need to Sign up, Just call me Fred Carver Personal Real Estate Corporation 250-598-2963 And I'll help you find the right home for sale in Oak Bay for YOU and your family. Google Fred Carver Oak Bay for More details on Oak Bay Real Esta...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
ESTATE SALE | NEW LISTING | 2 + BR RANCHER ON 2 ACRES | $499,000 | 969 WINTER ROAD IN HAPPY VALLEYWatch my Virtual Tour, then call me to View this Country Home.First Open House was held this Past Saturday...Huge turn out of potential Buyers. Over twenty Realtor showed their clients Winter Rd before the Open House. No Offers were being presented until this past Sunday...which Generated 4 Offers. The 969 Winter Rd Sellers accepted one of the offers and the Buyers have until Jan 15, 2015 to remove their Subject Conditions(Bank Financing Approval and Building inspection approval). The Home is Still For Sale until the current conditional offer goes Unconditional or Collapses. Call me today to schedule a time to view this 2 bed room Country home on 2 acres on Winter Rd in Metchosin. I'll show...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
  YOUR DAILY  SURVIVAL KIT FOR THE 2016 NEW YEAR | VICTORIA, BC     Today, I am giving  you a  DAILY  SURVIVAL  KIT  to help you each  day............ Toothpick ... to remind you to  pick the good qualities in everyone, including  yourself. Rubber Band ... to remind you to be flexible. Things might not always  go the way you want, but it can be worked out. Band-Aid ... to remind you to heal hurt feelings, either yours or someone else's. Eraser ... to remind you everyone makes mistakes. That's okay, we learn from our  errors. Candy Kiss ... to remind you everyone needs a hug or a compliment everyday. Mint  ... to remind you that you are worth a mint to your family  & Me. Bubble Gum ... to remind you to stick with it and you can accomplish anything. Pencil ... to remind you to list your ...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
GORDON HEAD & LAMBRICK PARK REAL ESTATE | DECEMBER 28, 2015This 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.So far this Year 190 homes have Sold in Gordon Head and Lambrick Park since January 1, 2015.If you are getting ready to sell your Gordon Head or Lambrick Park Home soon, I make it easy to find out what your home is worth in the current busy real estate market.     I created an easy to use (Go Here) >Gordon Head Current Market Analysis page to help Gordon Head & Lambrick Park Home owners search online to find out what their homes are wor...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
SAANICH EAST REAL ESTATE PRICES ARE UP 8.96% IN THE LAST 12 MONTHSSaanich East is a MLS Map Area in Victoria BC of Real Estate East of the Pat Bay Highway to the West and the Pacific Ocean to The East and Landsdowne rd to the South(boarding on the City of Victoria).Saanich East is made up of 18 smaller Neighbourhoods.Each area has it's own success this past year, the increase in Real Estate prices of 8.96% is the average of these neighbourhoods.Are you looking for a current list of Saanich Homes For Sale? Sign up for my Free list of Saanich Homes For Sale .Your FREE List will include... Detailed Property Information including all information on the property... Multiple Pictures of Most homes... How to see & inspect the property... And much more.. Here's a MLS Benchmark graph showing the...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
2 +BEDROOM RANCHER ON 2 ACRES IN METCHOSINHERE'S YOUR CHANCE TO GET OUT OF TOWNEstate Sale, New Listing Coming Soon.A Gardeners Delight! These once award-winning Gardens just need some tlc to be spectacular.Gentle winding drive to a well maintained & very private 2+bedroom rancher with a large deck & double car garage. Large laundry room or hobby room. Easy 3rd bedroom. Good bones in this 1600 sq.ft 1974 home, bring your decorating and remodeling ideas. On City water, septic has been recently pumped.There currently only 4 Homes in this area with 2 acres or more For Sale ranging in Price from $799,800 to $899,900. This Estate Sale Rancher is expected to be listed +- $500,000.Located in the popular happy valley neighbourhood of the western community, in the Municipality of Metchosin borde...
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(Darrell Backen 1.855.216.6010)
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
SOUTH OAK BAY HOMES FOR SALE IN OAK BAY VICTORIA BC DECEMBER 4 2015 South Oak Bay Homes are Very Popular, check out my live map of South Oak Bay Homes For Sale. Come back often this map is live and new listings are added often..Of course you can signup here to receive automated Emails in your email in box with New Homes For Sale Oak Bay in Victoria BC Daily. I have also created a HOMES FOR SALE IN All of OAK BAY in VICTORIA, BC  search for the Newest listings that will help you find all the latest Homes For Sale in Oak Bay on MLS for the Last 6 Days…. No Need to Sign up, Just call me Fred Carver Personal Real Estate Corporation 250-598-2963 And I'll help you find the right home for sale in Oak Bay for YOU and your family. Google Fred Carver Oak Bay for More details on Oak Bay Real Estat...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
Victoria Real Estate Inventory is low, but there still great variety of properties for buyers in the Victoria Real Estate Market December 1, 2015, Victoria BC – Victoria Real Estate Board President Guy Crozier confirms that November was another busy month for the popular Victoria real estate market. “Holding true to the theme we’ve seen throughout the year, the Victoria market had another great month of sales, with numbers exceeding those from the same time last year.” A total of 573 properties sold in the Victoria Real Estate Board region this November, an increase of 23.2% compared to the 465 properties sold in the same month last year. There were 2,952 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November, 18.7% fewer than the 3,6...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
OAK BAY BC REAL ESTATE  NOVEMBER 19, 2015 MARKET SNAPSHOTOur Victoria's OAK BAY Real Estate market is going full steam ahead as we head into December 2015. Here is a real estate market snapshot for Oak Bay this Nov 19/15. If you are looking to find your next home in Victoria in the popular Oak Bay neighborhood you have come to the right place.    GOOGLE SEARCH FRED CARVER OAK BAY FOR MORE INFORMATION ON OAK BAY REAL ESTATEOak Bay Real Estate listings of homes For Sale in each of the following Oak Bay Neighborhoods. South Oak Bay  14Gonzales              5North Oak Bay   4Estevan               5Henderson          6Uplands              10 Nov 19 /15 Total Number of active single family homes For Sale in Oak Bay BC  44 HomesCurrently there are 40 Pending homes Sold throughout Oak Bay with ...
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By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
GORDON HEAD & LAMBRICK PARK REAL ESTATE | NOVEMBER, 2015This 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.So far this Year 192 homes have Sold in Gordon Head and Lambrick Park since January 1, 2015.If you are getting ready to sell your Gordon Head or Lambrick Park Home soon, I make it easy to find out what your home is worth in the current busy real estate market.     I created an easy to use (Go Here) >Gordon Head Current Market Analysis page to help Gordon Head & Lambrick Park Home owners search online to find out what their homes are worth ...
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